Global Bank Crackdown Seen as Failing to Curb Suspect Dealings

The video discusses a report on suspicious banking activities, highlighting that major banks have transferred about $2 trillion in illicit funds over two decades. Despite hefty fines, banks continue to move money for unidentified entities and often fail to file required suspicious activity reports. The report, disseminated by a consortium of journalists, reveals that banks like Deutsche Bank and JP Morgan Chase have disclosed significant suspicious money flows. Critics argue that systemic flaws allow banks to delay reporting concerns, and past fines have not deterred illegal transfers. The issue has resurfaced, affecting the stocks of banks like HSBC and Standard Chartered.

What significant amount of illicit funds have been reported to have been transferred by major banks over the last two decades?

What do critics say about the effectiveness of fines imposed on banks in recent years?

Which two banks were mentioned as having disclosed significant amounts of suspicious money flows?

What concerns have been raised regarding the reporting of suspicious activity by banks?

How have the stocks of certain banks been affected by the recent reports on suspicious activities?