“From 2 to 13 February 2015, The Bank of America flagged 524 bank transfers moving from US bank accounts to various Iraqi bank branches for over $16.8 million, and from 18 to 20 May of the same year, The Bank of America flagged 244 bank transfers that ranged from $46.54 to as much as $28 million at a time, for a total of approximately $41.4 million.”
From whom was that money coming?
“Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq,” by Hala Nouhad Nasreddine, Middle East Monitor, September 20, 2020 (thanks to Henry):
The Islamic State’s infamous rule over vast areas of Iraq during 2014 and 2016 not only led to a humanitarian crisis, but also left the country’s economy depleted. Its expansion in Iraq, marked by its control over vast areas of the country, most notably capturing the city of Mosul in June 2014, also allowed the organisation to seize over 121 bank branches according to the Central Bank, in what was described as one of the largest bank robberies the world has ever seen. Across its operations, the Islamic State (Daesh) stole a total of approximately $830 million.
Despite this, some banks, including Deutsche Bank and specifically its US branches, continued to allow money transfers to be sent to Iraq despite the group’s control over large parts of the country.
Leaked banking documents obtained by BuzzFeed News and shared with ICIJ, ARIJ and other media partners as part of the FinCEN Files investigation, reveal suspicious money transfers of at least $4 billion flagged by Deutsche Bank’s US branches and Bank of America, to a number of Iraqi banks between 15 June 2014 and 30 June 2015.
From 2 to 13 February 2015, The Bank of America flagged 524 bank transfers moving from US bank accounts to various Iraqi bank branches for over $16.8 million, and from 18 to 20 May of the same year, The Bank of America flagged 244 bank transfers that ranged from $46.54 to as much as $28 million at a time, for a total of approximately $41.4 million.
The bank filed the two suspicious activity reports (SARs) “as part of a special project by The Bank of America to identify wire transfers that are originating from, and being sent to, these financial institutions located in Iraq.”
The SAR filed in June indicates that 109 of the bank transfers were sent from seven Iraq-based banks to The Bank of America clients and totalled over $900,000, while 54 outbound wire transfers were sent for more than $7 million.
“81 wires totalling $33,409,836.12 were conducted via correspondent bank relationships that involved numerous financial institutions on a global level,” The Bank of America reported.
Similarly, Deutsche Bank Trust Company Americas filed their SARs to FinCEN “in conjunction with ongoing law enforcement collaboration,” the exact nature of which is unclear.
Their first report of the 15 SARs filed in January 2015, monitored 3,844 transactions made between 15 June 2014 to 15 December 2014 worth over $2.3 billion involving 13 Iraqi banks.
gravenimage says
US branches of Deutsche Bank suspected of facilitating funds to the Islamic State during its rule in Iraq
………….
There was just a story about Turkish Aktif Bank facilitating money transfers to the Taliban, and that did not surprise me.
But *Deutsche Bank*? This is not just a Western bank, but is supposed to be highly respected.
Rod says
There’s another story about the US Government supplying arms, expertise and training to the Taliban. In fact, that they created the Taliban. But who would believe that? It couldn’t possibly be true.
(But, it is.)
Oh dear!
gravenimage says
There are *unproven* allegations that the US funded fighters against the Soviets who were to, years later, become the Taliban.
Even were this the case, no one *now* can be ignorant of what the Taliban are. Is “Rod” pretending that Deutsche Bank thinks the Taliban is defending against the spread of Communism? Try again…
Does “Rod” actually have any problems with funding the bloody Taliban? Not so he says…
Giacomo Latta says
Antifaman, the US created the Taliban? Wow, you have really set the bar high for yourself. You can’t possibly say anything more ridiculous than that in the future.
Rod says
Giacomo, there are two versions of history. One records what really happened; the other records what the guilty parties would like to think happened. Most of us prefer the first, but in some countries, the second is taught in schools and colleges.
As gravy tells us, the US funded, armed and inspired men who, gravy says, “later” became the Taliban. How were the CIA to know what might happen “later” when you funnel vast supplies of weapons, training and hatred into an unstable country? The result – a seemingly endless war, with incalculable suffering for millions of innocents. What a shame, as the Pussygrabber says.
Just as the US, with the best intentions, armed and financed that nice general Saddam Hussein, who “later” became a murderous dictator. Just as for Gadaffi, for various murderous monsters of Central America (where torture training was also made available), for Pinochet, etc, etc. It does seem to indicate a pattern, doesn’t it? Stupidity? Or something worse?
And when the real history seems unbearable, we can look away, and pretend that Muslims are the problem.
gravenimage says
Here is “Rod”, pretending the truth while claiming that Muslims have nothing to do with the Taliban. Try again…
And note that he *still* will not say anything critical of the Taliban, which the US actually ousted. Nor is he apt to say anything negative about them–but then, why would he?
Rod says
gravy says of Rod:
“while claiming that Muslims have nothing to do with the Taliban.”
Rod claimed nothing of the sort, and why would he indeed?
This happened because gravy is a habitual, incurable, shameless liar. Such are the frequenters of the jihadwatch fraternity. By their friends shall ye know them.
gravy’s lies should be ignored, but this one is so childishly silly that I have made an exception.
Giacomo Latta says
gravenimage is a habitual, incurable, shameless liar? Well, let’s check recent history.
Rod once stated loud and proud how the US was trying to corner the market in remdesivir, a vaccine to protect against the COVID-19 virus. Such was the claim of some doctor(?) who Rod later quoted as the basis for an argument. If this doctor was just having a little fun to see who would take the bait, Rod bit it hard. Remdesivir is not a vaccine, it never was a vaccine and never will be a vaccine. It’s current status is that of cure in search of a disease. It will certainly not cure anyone that Rod considers incurable. Rod even had the gall to use the expression ‘’his idiotic pretense to medical expertise’’ to describe Donald Trump. Rod must not have any mirrors where he lives.Either Rod is the incurable liar or is too simple to notice when some real or pretend doctor is bullshitting him.
How is his general education? On another occasion I questioned Antifaman’s ability to apply logic to arrive at a conclusion. In return he asked if I had ‘’tried applying my logistical skills to the US homicide statistics.’’ Dear Antifaman, the adjectival form of the word ‘logic’ is ‘logical’, not ‘logistical’. Logistics is the science of organizational activity so that success is a result. For example, your bosses at Antifa might call you to a meeting to consider the logistics of setting fire to concrete buildings. Imagine your embarrassment should you respond, ‘’but that’s not logical’’ to your gang. Or is this part of your chosen M.O., ‘’dictionaries be damned, I’ll say what I want?’’
Readers have probably already noticed that this same intellectual fraud who always complains of verbal abuse whenever his lordship is not treated with more respect than any other visitor is quick to call you stupid, racist, bully, fool, liar, etc. should you dare have the impudence to disagree with his repetitive illogical and unsubstantiated defence of Islam. Today was a breakout day for Rod. He actually admitted to knowing the word ‘Islam’. He usually is too scared to use it.
Please pardon my ”logistical” approach to debate.
Rod says
Giacomo, I gather that your “Antifaman” implies that you believe, firstly that I’m opposed to fascism (correct),
secondly that you regard that as insulting (puzzling),and hence
thirdly you are presumably in favour of fascism (deeply disturbing, but perhaps unsurprising).
I didn’t read your stuff about remdesvir. As I remember, some of you amused yourselves at the time with imaginative misinterpretation of my words, debating what I did not say in order to evade awkward truths. And now, as usual, nothing to say about arming and funding the Taliban, Saddam, Pinochet? How about Mohammad Reza Pahlavi and his secret police, good friend of the CIA and Kissinger?
As for vaccines, has the Pussygrabber cornered the world market on Covid vaccines yet? I’m sure he will if he can. He seems incapable of anything else.
Giacomo Latta says
Antifaman, One of your many problems is that you gather a lot of things. Being opposed to Antifa means one is opposed to fascism. Replace the word ”country” in the definition of fascism found in any dictionary (ask to borrow one from a friend) by ”group” and you have defined Antifa. It is an organization that does not tolerate any deviance from its message from anybody. Hyprocrisy at its best since it has rubber off on you, the name-calling hating name-caller.
”debating what you did not say”? Your absence of commentary from threads that deal with Christians and their churches being burnt from France to Nigeria, the plight of women having genital mutilation and Islam being forced upon them, innocent civilians dying in what should be safe streets by ”in danger” migrants, always muslim. Yes, you have spoken loud on those subjects, which only shows you are a fascist and not someone against terrorism no matter who is sponsoring it. And who is sponsoring it? Lame-brains like you who see no problem with Islamic countries paying for the construction of mosques in the West.
”unstable country”? Any country with limited military muscle being attacked by the (then) Soviet Union needs help, even from the ”Great Satan.”
If you want to see Chile change from economic success story to its previous state of union thuggery then go there and help them. If you lose I could only accept you do what Allende did to himself. He was so dedicated to his cause. But let’s keep that a secret.
If the US helps an underdog somewhere (e.g., Islam A vs. Islam B) it is because having one side win would just mean another Iran would come to life, although I ”gather” that would be OK by you.
And by the way, muslims are the problem everywhere you go. It is not just Sweden, not just Germany, not just …; they and their useful idiots (grab that mirror) are the problem.
gravenimage says
“Rod’s” pretending that the appalling violent and oppressive Antifa is actually against Fascism is ridiculous. Instead, their tactics are themselves fascistic.
And “Rod’s” claiming that the Americans created the Taliban is indeed saying that this has nothing to do with Islam.
Then, the idea that the US President is incapable of doing anything other than something he has never actually done makes no sense at all–like most of the rest of his claptrap.
elee says
Ummm, Deutsche Bank is alleged to have done some shady things in its time.
maria says
No it is not a reliable bank. I would never use it. I use Wells Fargo, I hope it is a reliable bank
The West is Lost says
Wells Fargo is a crooked bank too. Do you not investigate banking institutions prior to becoming their customer?
West Lost says
Wells Fargo is a crooked bank too. All you have to do is check online and you’d find that out in 0.03 seconds.
Seeking Deliverance says
Wells Fargo is not a safe bank either…
infidel says
This same US branch of Deustche bank was the chief perpertrator of the toxic derivative scheme that ruined countless lives in the financial meltdown of 2008.. Even countries like Iceland were reduced almost to bankruptcy…This bank is very very shady.. It somehow wormed out after a Senate enquiry,
Seeking Deliverance says
Deutsche bank is controlled by… well… I cannot I.D. them on this website sorry.
gravenimage says
I don’t mind saying it out loud (so to speak):
“Deutsche Bank’s largest shareholder remains the Qatari royal family…”
https://www.reuters.com/article/us-deutsche-bank-investor/deutsche-bank-shares-soar-after-new-shareholder-steps-in-idUSKBN2000V0
This does not necessarily mean that Qatar controls the bank entirely, but it is *certainly* concerning.