Between 1999 and 2017, the world's biggest banks filed over 2,000 "suspicious activity reports" with American federal regulators. The reports relate to the circulation of dirty money at the hands of drug traffickers, corrupt politicians, and suspected terrorists. But despite the reports, the banks — which include the likes of HSBC, JPMorgan Chase, and Donald Trump's main lender, Deutsche Bank — turned a blind eye, processing more than $2 trillion–worth of legally questionable transactions anyway. What was long suspected has now been shown to be true. It seems that financing crime, from fraud to drug peddling to terrorism, is a welcome interest, and its perpetrators are worthy customers at some of the most powerful financial institutions across the globe. But we won't have any kind of future on this planet unless we bring tax-evaders, corrupt bankers and dirty-money merchants to justice. It's time for big finance to sever its criminal ties . . . and render unto the People that which is rightly ours.
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