Methods

Also involved: Dankse Bank, Deutsche Bank but also Spanish Santander bank and the British banks HSBC, Barclays, Lloyds and RBS.

ARTE TV: Gangsters of Finance: HSBC 87 min “Since the 2008 crisis, HSBC has been involved in countless scandals: Money laundering for drug cartels, corruption, tax fraud… And yet the international bank escapes justice with insignificant fines. Why are they “too big to jail”?”

“Many of these sanctions have taken place in recent years, indicating that money laundering has become common practice,” Fortytwo data (AI powered Anti-Money Laundering platform to combat evolving threats)

stated, which revealed that 18 of the 20 biggest banks in Europe had already been sanctioned.

According to a British report, 18 of the 20 leading European banks, including four French ones, have already been sanctioned for money laundering offences over the past decade.

EURACTIV France’s media partner La Tribune reports.

The huge scandal which recently rocked Danske Bank highlighted the deficiencies in money laundering checks.

“The Russian-speaking caller refused to give a name but the threat was explicit: “Do you really feel you can walk home safely at night?”

It was 2013 and officers at the Estonian branch of Danske Bank were beginning to realise they had taken on some very unpleasant customers.” (src)

This problem is not unique to this Danish bank but concerns the entire European banking sector at various levels.

Accordingly, 18 of the 20 biggest European banks, or 90% of them, have already been sanctioned for infringements of the anti-money laundering systems, according to a study by the British company Fortytwo Data, which markets anti-money-laundering solutions based on artificial intelligence.

“Many of these sanctions have taken place in recent years, indicating that money laundering has become common practice,” the company stated in a press release.

“The recent crises that have affected ING, Danske Bank and Deutsche Bank have only reinforced this impression and show that no bank, regardless of its size, is immune to sanctions.”

This could just as easily prove that the regulators are being stricter or are carrying out more frequent checks of established verification or warning mechanisms.

Among the biggest European banks to have already been sanctioned for shortcomings in combating money laundering over the past decade, the study also cites the Spanish bank Santander and the British banks HSBC, Barclays, Lloyds and RBS.

In the United Kingdom, money laundering has reached €171.6 billion a year, according to the data collected by the National Crime Agency (NCA).

EU admits anti-money laundering rules inefficient, prepares for improved supervision

As recent scandals proved that the new anti-money legislation falls short of monitoring financial flows, the EU is leaning toward stepping up the supervision and enforcement of its rules.

French quartet already caught

There are also four big French banks on the list: BNP Paribas, Crédit Agricole, Société Générale and Banque Populaire Caisse d’Epargne. Last year, the Autorité de contrôle prudential et de resolution (ACPR) imposed a €10 million sanction on BNP Paribas for significant shortcomings in its system to combat money laundering and for the financing of terrorism, while Société Générale was fined €5 million for the same reasons.

In its annual report, Tracfin – the task force backed by the French finance ministry to combat money laundering and the financing of terrorism – said it was increasingly called upon to combat tainted money in 2017, having received almost 70,000 reports of suspicion (an increase of 10% in a year and 50% compared to 2015). The financial intelligence unit had already recorded an unprecedented increase in 2016.

Difficulties in combating money laundering in Europe

Despite tougher rules against money laundering, there are still many shortcomings among Member States, the European Central Bank and the Commission. EURACTIV.fr reports.

Move towards a European anti-money-laundering police

Many scandals have broken since the beginning of the year, such as the Danske Bank scandal (€200 billion of suspicious transactions conducted through its Estonian subsidiary between 2007 and 2015) or the ING scandal, which cost the finance director his job.

In early October, the European Union finance ministers therefore decided to strengthen anti-money laundering measures, assigning the role of European anti-money-laundering police to the European Banking Authority.

This authority was created in 2010 and will soon leave London to relocate in Paris. Currently, no entity oversees the harmonisation of the rules to combat money laundering in the European financial sector.

Money laundering accusations in Latvia cast doubt on ECB credibility

The Governor of the Latvian Central Bank, suspended by the Parliament, continues to face extraordinary accusations. The Commission has promised to set up a working group by the summer to tackle money laundering. EURACTIV.fr reports.

src: https://www.euractiv.com/section/economy-jobs/news/90-des-grandes-banques-europeennes-deja-sanctionnees-pour-blanchiment/

English (scroll down for German):

Gather your sails NOW and prepare for a storm!
Why is the IMF in a panic?

“everyone dances until the (money) music stops” (Adrian Tobias)

the big question: WHEN does the music stop? X-D does it stop slowly or does it come to a sudden halt?

… because debt worldwide (from companies, private and banks) in the last 10 years +50% to 182 billion USD…. if these loans cannot be payed back (because of FED/ECB liquidity comes into a halt) (src: German Tagesschau) -> Credit Crunch (“a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.[1]”) the British call this phenomenon “cedit crunch” – exactly what the world has seen in 2008.

  1. Failure of system relevant bank such as Bank of America/Deutsche Bank will result in civil war like conditions (Banker Voss)
    • those system relevant banks would AGAIN be rescued by the state and hopefully then nationalized – key managers punished, jailed and banks closed down – FOR GOOD/FOREVER! (src)
    • compared to failure of major bank – power-grid failure over several days is “kindergarden” (Banker Voss)
  2. worst-worst case scenario: Prof Dr. Kreiß from Aalen Germany says there are civilized and uncivilized ways to reduce overproductioncivilized: recession uncivilized: war. (src) “you have build too many houses during the boom? now invest in war and profit again by destroying those houses” (if you are ruthless enough and want to profit while others suffer = satanic!) 🙈 (this is financial crime!)

2018-10:

  • Balance of risk in the economy has shifted to the downside
  • further safeguard financial stability
  • confidence must not become complacence
  • global growth has plateaued
  • trade tension have escalated
  • emerging markets have experiences capital outflows
  • policy uncertainty has increased
    • could undermine investor confidence
  • some investors have grown overconfident and even complacent
  • financial stability risks could rise in the near term
  • several potential development could trigger sharp tightening in financial conditions
  • normalization of monetary policy (end of quantitative easing) could lead to re-pricing in asset (real estate) markets
  • any of those concerns could become trigger events that could expose vulnerabilities (of the highly interconnected financial (banking!) system) that have been building during years of accommodative policies
  • debt has grown to 250% of combined GDP (182 Billion USD)
  • housing markets especially in global cities (NY, London, Frankfurt) are richly valued
  • banks are stronger but still face challenges
    • many banks remain vulnerable
      • due to lending to highly in debt borrowers
      • holdings of illiquid and opaque assets
      • reliance on foreign fragile currency funding
  • Chapter 2: financial regulatory agenda 10 years after 2008 subprime crisis
    • cause for optimism
    • supervisor stress testing have been broadly adopted
    • many jurisdictions now have a macro prudential framework
    • some shadow banking activities
  • it remains crucial to strengthen the resilience of the financial system by addressing financial vulnerabilities
    • policy makers should assure that the post-crisis regulatory reform agenda is completed and implemented
      • they should resist calls for rolling back reforms
  • central banks should continue to normalize monetary policy gradually and they should communicate their decisions cleraly
  • emerging markets should build buffers against external risks
  • address vulnerabilities outside the banking sector
    • cyberrisks

Download Report PDF: https://www.imf.org/~/media/Files/Publications/GFSR/2018/Oct/CH1/doc/text.ashx?la=en

Download backup mirror: GFSR IMF IWF Global-Financial-Stability-Report-October-2018 – full text.pdf.tar

2017:

  • capacity to provide credit to the economy
  • absence of sharp movements in financial conditions from large increases in the price of risk
  • interconnectedness of the financial system
  • create “equity cushion in the boom”
  • “everyone dances until the music stops”
  • “easy financial conditions are sowing the seeds of the crisis”

My comment and advice to all financial intellectuals out there:

Financial crisis become economic crisis which results in broad support of people for right-wing fascism and nationalism.

(left-wing profits too but more right-wing)

Do we really want this?

So i urge everyone to do what you can to try to prevent this storm from happening.

About Dodd-Frank:

Dodd-Frank aimed to protect consumers from predatory lenders and mitigate systemic risk, but banks of all sizes have argued its burdens were excessive and have lobbied to reform the law.” (src)

The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173, commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.[1] Passed in response to the 2008 global financial crisis, the Act brought the most significant changes to financial regulation in the nation since the regulatory reform that came following the Great Recession.[2][3][4][5] (src: Wikipedia)

Details: About Tobias Adrian (IMF/IWF)

Mr. Adrian holds a Ph.D. from the Massachusetts Institute of Technology (MIT), an MSc from the London School of Economics, a Diplom from Goethe University Frankfurt, and a Maîtrise from Dauphine University Paris.

He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg (src)

German: Jetzt Segel raffen und auf Sturm vorbereiten!

Warum ist der IWF in Panik?

… weil Schulden Weltweit (von Unternehmen, Privat und Banken) in den letzten 10 Jahren +50% auf 182 Billionen USD…. wenn diese Kredite nicht bedient werden können (weil Liquidität in’s Stocken kommt, Kunden Job verlieren nicht zahlen können) (src: Tagesschau)

Credit Crunch” (“a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.[1]“) nennen die Briten dieses seit 2008 bekannte Phänomen.

…werden Banken immer aggressiver Versuchen die ausstehenden Kredite einzutreiben um nicht selbst Pleite anmelden zu müssen.

  1. Ausfall einer systemkritischen Bank wie Bank of America/Deutsche Bank würde angeblich (Zitat Banker Voss) Bürgerkriegs-ähnliche Zustände bedeuten bzw. Banken müssten wiedermal vom Steuerzahler gerettet werden 🙈 https://altcoopsys.org/2018/09/27/new-financial-crisis-comes-definitely-because-complexity-of-monetary-system-currently-not-handleable-neue-finanzkrise-kommt-definitiv-weil-vernetzung-und-komplexitat-des-geldsystems-aktuell-nicht-ha/
  2. Worst-worst-case: “war as means of reducing over-production” “build too much houses? let’s blow em up!” X-D https://altcoopsys.org/2018/09/28/prof-dr-christian-kreis-10-jahre-finanzkrise-ist-sie-uberwunden-oder-steht-eine-neue-bevor/

More Videos from IMF:

https://www.youtube.com/user/imf/videos

 

Links:

IMF Blog: https://blogs.imf.org/2018/10/03/a-decade-after-lehman-the-financial-system-is-safer-now-we-must-avoid-reform-fatigue/

Great Depression ahead? Nouriel Roubini, Marc Faber, http://www.atimes.com/article/great-depression-ahead-imf-sounds-dire-warning/

“So, looking back, a new financial architecture has been put in place, a testament to the resolve of policymakers to work together internationally to avoid a repeat of the Great Depression.

But is the financial system safe enough? Looking ahead, clouds appear on the horizon.

The global economic recovery has been uneven and inequality has risen, fueling inward-looking policies and contributing to increased
policy uncertainty.

Trade tensions have emerged, and a further escalation may damage market sentiment and significantly harm global growth.

Support for multilateralism has been waning, a dangerous undercurrent that may undermine confidence in policymakers’ ability to respond to future crises.” (src: https://www.imf.org/~/media/Files/Publications/GFSR/2018/Oct/CH1/doc/Foreword.ashx?la=en)

La Garde (IMF) distance herself from  Trump – https://www.dw.com/de/iwf-chefin-lagarde-weist-trump-zurecht/a-45837857

IMF: Catastrophe in Venezuela – complete loss of buying power of people because of inflation – https://www.dw.com/de/iwf-sagt-millionen-prozent-inflation-f%C3%BCr-venezuela-voraus/a-45813564

IMF is back in Africa – social cuts like 30 years ago? https://www.dw.com/de/das-comeback-des-iwf-in-afrika/a-45479369

Another Billion $ loan of IMF (that can never be paid back 🙈 but leads to massive austerity and enslavement in Argentina) for Argentina – https://www.taz.de/!5538880/

Comment and possible solution by conspiracy conspirators:

“Wohoo! Don’t kill yourself just yet!”

I think it’s just another man made artificial crisis – buy up the world – scam – as it has been in 1907 by JP Morgan and Rockefeller.

Just print YOUR own local money and build up local economies that are INDEPENDENT from private FED/ECB banksters:

… instead of relying on money that is not under your control of the people/democracies/governments.

von NSDAP (Nazi Party) zu SED (only Party in Soviet occupied East-Germany DDR):

Quiet a few ex SS-Nazis – instead of being executed – went into the DDR-Army (NVA) and thus the de-nazification was incomplete. Same goes for West-Germany. Atleast in East-Germany EVERY SINGLE German HAD to visit a concentration camp – in the West it was voluntary.

“only with farmers you can not run a state” (says a Women raised in the DDR (East-Germany))

“nur mit Bauern war ein Staat nicht zu machen” Zitat einer Frau welche in der DDR aufgewachsen ist.

It seems every state needs violent and ruthless people in the police and army to rule – when it comes to exercise power – ideology does not matter – neither for Hitler nor Stalin nor Mao nor for most political Party-Members.

the situation now in 2018 in Germany:

After subprime financial crisis of 2008 and refugee crisis of 2015 – especially in East-Germany people are so angry about the government in Berlin and because of their (still ongoing) economic problems and refugees.

Also they are said to like to revolt against “those above”.

Left-wing parties did not bring about radical enough change – so now they vote extreme-right – in hope for change – but change to the better?

I guess not.

It will be an even more extreme positions, power and money game with the AfD leader calling the Nazi-Era “crap of a fly” and some openly siding with Neo-Nazis.

History repeating?

I hope not.

Some economists such as Prof Dr Kreiß hope that not another massive 1939 financial subprime credit crunch big bank failure crisis is “in production” (by whom? Bannon?) – that would badly affects the economy and increases unemployment rates and be wind in the sails of nationalists and Neo-Nazis as it was for Hitler back than.

According to Prof Dr Kreiß the “clearance” of such a financial crisis – could be war.

Großmann, Ernst
(1911–1997)[14]
ab 1938, 1938–1945 Mitglied der SS (zuletzt Unterscharführer), 1940 in einem SS-Totenkopf-Verband, Bewacher im KZ Sachsenhausen, Mitglied des Sudetendeutschen Freikorps SED Mitglied des ZK der SED (1959 ausgeschlossen wegen Falschangaben zur Vergangenheit), weiterhin SED-Mitglied und LPG-Vorsitzender in Merxleben
Kröger, Herbert
(1913–1989)[12]
seit dem 1. Mai 1937, Eintritt in die SA: 3. Oktober 1933, SS-Oberscharführer SED Direktor des Instituts für Internationale Beziehungen der Deutschen Akademie für Staats- und Rechtswissenschaft „Walter Ulbricht“ in Potsdam-Babelsberg. 1950–1963 Abgeordneter der Volkskammer.
Bartsch, Karl-Heinz[8]
(1923–2004)
1940–1945 Soldat/Unteroffizier der Waffen-SS SED 1949–1963 1954–1960 Mitglied der SED-Bezirksleitung Erfurt; 1963 stellvertretender Landwirtschaftsminister, Vorsitzender des Landwirtschaftsrats beim DDR-Ministerrat, Mitglied des Präsidiums des Ministerrats, Kandidat des Politbüros und Mitglied des ZK; 1963 sämtlicher Ämter enthoben wegen Verschweigens seiner SS-Vergangenheit; 1981–1988 LPG-Vorsitzender eines Färsenaufzuchtbetriebs
Baschleben, Harry
(1922–2012)
ab 1940 Waffen-SS, ab 1944 NSDAP NDPD Mitglied der Stadtverordnetenversammlung von Gera

Bamler https://en.wikipedia.org/wiki/Rudolf_Bamler

Rudolf Karl Johannes Bamler (* 6. Mai 1896 in Osterburg (Altmark); † 13. März 1972 in Groß Glienicke, Kreis Nauen) war ein deutscher Heeresoffizier (seit 1943 Generalleutnant). Im Ersten Weltkrieg diente er als Offizier in der Preußischen Armee, anschließend in der Reichswehr und der Wehrmacht. Im Zweiten Weltkrieg fungierte Bamler als Chef des Generalstabes bei verschiedenen Generalkommandos. Ab Juni 1944 befehligte er die 12. Infanterie-Division. Nach deren Zerschlagung im gleichen Monat im Zuge der Operation Bagration geriet er in sowjetische Kriegsgefangenschaft. Dort schloss sich Bamler dem Nationalkomitee Freies Deutschland (NKFD) und dem Bund Deutscher Offiziere (BDO) an.

Died 13 March 1972 (aged 77)
Groß Glienicke, East Germany
Allegiance  German Empire
 Weimar Republic
 Nazi Germany
NKFD (to 1945) East Germany
Service/branch

 

 

“Satanic” that’s what it is – if people treat people like animals

 

Hitler in Wien mit Arthur Seyß-Inquart

Arthur Seyß-Inquart: “I hope that this execusion will be the last act of the second world war tragedy and a lesson so that peace and understanding can rule – i believe in Germany”

“Ich hoffe, dass diese Hinrichtung der letzte Akt der Tragödie des zweiten Weltkrieges und eine Lehre sein wird so dass Frieden und Verständnis herrschen werden.

Ich glaube an Deutschland”