VIDEO
Watch: How money is laundered through New York banks
FinCEN Files shows the role of U.S.-based correspondent banks in facilitating the global flow of dirty money.
By filing suspicious activity reports to regulators, big banks in the U.S. can collect transfer fees on suspicious transactions. Failure to file a SAR can expose banks to fines or penalties.
Contributors – Designer: Ben Kothe/Buzzfeed News; Animator: Zachary Ares/Buzzfeed News; Narrator: Sara Yasin/Buzzfeed News
