October 26, 2021
From Radical Glasgow (UK)

          With the leak of what has become known as “The Pandora Papers” nobody should be in any doubt that the entire system is stinking rotten to the core. It is not just the greedy individuals that are fiddling the system, but all the large so called respectable financial institutions that make millions from aiding and abetting the millionaire/billionaire class of corrupt blood sucking parasites by shuffling and concealing their ill gotten gains. The rich corrupt and the institutional corrupt work hand in hand and are the mainstay of this stinking system of greed. I received the following comment from my comrade Loam and I think it shows the extent and depth of the corruption that holds together this whole rotten edifice to greed. 


       “UK banks have been accused of ‘offering their services to those with money to hide’ after a leaked cache of thousands of documents revealed some of the world’s largest financial firms have facilitated criminals and fraudsters in processing dirty cash.
       More than 2,000 sensitive banking papers detailing more than $2 trillion’s worth of transactions were analysed by a consortium of investigative journalists across 108 organisations including the BBC after being leaked to BuzzFeed News.
        The documents allegedly show banking officials allowed fraudsters to shuttle money between different accounts after being made aware the profits were from multimillion-pound scams or crimes.
         They are also reported to detail the ways in which Russian oligarchs use banks to dodge international sanctions and move money into the west.
         Referred to as the FinCEN files — from the US Financial Crimes Investigation Network — the cache is mostly made up of documents banks sent to the US authorities between 2000 and 2017, raising concerns about suspicious activity in their clients’ accounts, according to the BBC’s Panorama programme, which called the documents “some of the international banking system’s most closely guarded secrets”.
        It added: “The leak shows how UK banks continually fail to address suspicious activity and instead offered their services to those with money to hide.
        “Transparency International UK’s research has previously identified 86 UK banks and financial institutions which have, unwittingly or otherwise, helped corrupt individuals acquire assets and move suspicious wealth.”


         To those who take the time to look at the system, this should come as no surprise, we know it is a sewer, it is how the system works, pillage and plunder, fiddle and steal, unless you are one of the ordinary citizens, if you attempt this, then you end up being locked up in one of their cages of repression. 

Visit ann arky’s home at https://radicalglasgow.me.uk  

Source: Radicalglasgowblog.blogspot.com