Your guide to eight years of finance leaks

The latest leak is of files sent to FinCEN, part of the US Treasury
The latest leak is of files sent to FinCEN, part of the US Treasury

The FinCEN Files are another big leak of secret files, detailing the failure of major global banks to stop money laundering and financial crime. They also expose how the UK is often the weak link in the financial system and how London is awash with Russian cash.

The files include more than 2,000 suspicious activity reports (SARs), filed by financial institutions to the Financial Crimes Enforcement Agency, or FinCEN, a part of the US Treasury Department. They also include 17,641 records obtained through Freedom of Information (FOI) requests and other sources.

They were obtained by BuzzFeed News which shared them with the International Consortium of Investigative Journalists (ICIJ) and 400 journalists around the world. Panorama has led research for the BBC.

The files are the latest in a series of whistleblowing-led investigations that have rocked the

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Founder of London Capital & Finance marketer Surge targets poor for rentals

The founder of Surge Financial, the marketing company responsible for putting thousands of investors into London Capital & Finance and Blackmore Bonds before they collapsed, is now running a business charging poor people high prices for rent-to-own household goods.

Kerry Venn was chief operating officer at Surge, which used sophisticated marketing techniques on social media and Google to target sales literature often at elderly customers who now face the loss of most of their savings with the firms.

She worked closely alongside Paul Careless, who later ran Surge and was arrested last year pending investigation into the collapse of LCF.

Careless denies any wrongdoing. Surge did not handle client money and was not involved in the investment decisions made by LCF and Blackmore.

Venn and her husband are now operating a business called YesYouCan, which charges more than double the retail value of items such as vacuum cleaners and washing

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House Democrats Open Campaign Finance Investigation into Postmaster General Louis DeJoy

House Democrats said Monday they would open an investigation into Postmaster General Louis DeJoy over accusations that he broke campaign finance laws in pushing his employees to make campaign contributions to Republicans that he would later reimburse.

House Committee on Oversight and Reform chairwoman Carolyn Maloney (D., N.Y.) said in a statement that the committee would open an investigation and called on the Board of Governors of the U.S. Postal Service to immediately suspend DeJoy, whom “they never should have hired in the first place,” she said. 

Maloney’s announcement followed a Washington Post report that DeJoy and his aides would allegedly pressure employees at his former business, New Breed Logistics in North Carolina, to make donations and attend fundraisers at DeJoy’s mansion — events which regularly drew $100,000 or more apiece. Former employees say they made payments between 2003 and 2014 and would then allegedly receive large bonuses to offset

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A Look At American Finance Trust’s (NASDAQ:AFIN) Share Price Returns

Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Investors in American Finance Trust, Inc. (NASDAQ:AFIN) have tasted that bitter downside in the last year, as the share price dropped 45%. That’s well below the market return of 19%. Because American Finance Trust hasn’t been listed for many years, the market is still learning about how the business performs. The falls have accelerated recently, with the share price down 25% in the last three months.

See our latest analysis for American Finance Trust

American Finance Trust wasn’t profitable in the last twelve months, it is unlikely we’ll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Generally speaking, companies without profits are expected to grow revenue every year,

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