what does this mean for democracy. joining our discussion starts 1230. this is e w news live from berlin a massive investigation finds banks around the world were involved in illegal dealings to the tune of 2 trillion dollars you could learn a lot by handling money from criminal sources because that's why it's hard for banks to say no to criminal money. journalists have banded together to reveal documents leaked from financial authorities showing big banks facilitating the

option money laundering and sanctions tough thing on behalf of prominent also coming up. protestors in dello russo back on the streets over the weekend despite a government push back police arrested hundreds of people mainly women demanding the resignation of our blind president should go to clubs with corona virus infection rates soaring in the u.k. the government slaps hefty fines on quarantine breakers in advance of a possible 2nd lockdown. i'm sorry kelly welcome to the program money laundering and a banking scandal of gigantic proportions records show records that were just revealed show that for years banks around the world have helped avert and conceal criminal funds. the documents leaked from the u.s.

treasury department appear to show how banks helped to circumvent international sanctions including against iran and syria danish and british banks as well as germany's deutsche bank are among those implicated in leaked files all of the wode criminals are using the global financial system to launder money it's a dirty bit lucrative business for the banks. if a bank notices a suspicious transfer it has to report it to the authorities. thousands of such reports were of time by bus paid news. and then evaluated by the i.c.i. jai. it's an international network of investigative journalists. they have discovered evidence of money laundering worth $2.00 trillion dollars. you could learn a lot by handling money from criminal sources. that's why it's hard for banks to

say no to criminal money. in germany bank has some explaining to do the country's largest banks already had to pay millions in fines in $27.00 tane after dodgy dealings in russia. the investigation reveals that those illegal activities a much more extensive than previously thought russian criminals used torture banks moscow branch to loan to millions the current c.e.o. christian saving served as head of corporate order thing at the time he did not raise the alarm but subsequent external investigations deed. bank says it is since toughened its internal controls and it denies that c.e.o.'s saving did anything wrong it says he was unaware of the external probe. i know i know how it was she founded a unit that led these investigations as would you not being the next to have since

been external investigations to this and at no stage could any responsibility be traced back to the head of the business to the consent of it and if i'm flipping to someone to the conservatives who have lived in the city the investigation also shows that us president donald trump may have profited from dirty money all agog from kazakstan allegedly bought apartments at the trump new york property with laundered money trumps company denies knowing who these customers were but they did make money from the transactions. the investigation shows the scale of international money laundering efforts to curb it a floundering because regulators can't get to grips with highly sophisticated criminal. and we have team coverage of this story we're joined by business reporter arthur sullivan here in the studio and we also have joining us from frankfurt chelsea delaney welcome to both of you arthur i'd like to begin with you the scale of this it seems enormous what does it say about the financial system

here the scale is enormous there is sort of the report just mentioned 2 trillion dollars worth of transactions are covered by these 18 years which detail various financial transactions involving some of the world's largest banks 400 journalists 16 months of extensive research going into all this what it says about the financial system is really a lot of things so in some respects some of this is not a shock we know that banks have to some extent facilitated money laundering they've allowed transactions to happen for years and many of them have been investigated but this shows the extent to which that has happened a huge extent 2 trillion dollars worth as i've said 2 big questions emerge from this really i mean several questions will emerge in the next 2 days before me at the moment 2 big ones emerge it's important remember that the banks themselves have reported this information to leak comes from u.s. authorities which banks provided activities to species activity reports to put the question is if banks are wondering about these suspicious reports if they see a transaction that they think is suspect why did they allow it to happen why are they able to receive money from the transaction in some instances a lot of money and why are authorities not done more to stop it if they know that

this is happening why is it continuing to happen that's the big question those are some really big questions and chelsea i'd like to turn to you and perhaps we can dig down into one of the examples because reportedly 60 percent of these leaked transactions came from deutsche bank you're standing by close to their headquarters there in frankfurt just walk us through dorchester all. so george i think it's definitely finding itself at the center of this scandal we don't know exactly if this this portion of leaked documents is really representative of all of the suspicious activity reports reported to the treasury or if these actually lead to criminal activity but being involved in 60 percent is certainly not a good a good look for deutsche bank especially after its history in the past several years of being in boiled in so many financial scandals but what this data really shows us is that which a bank has had a very lax system of controls even the most basic controls things like knowing

who your customers are so knowing who you are dealing with having their addresses having their names they really didn't they didn't have that for a lot of their clients especially in regards to business that was happening in their moscow office so that's definitely a big concern and as well they also had a lot of reports of this elevated to the highest levels so executives aboard their board had had reports of these very lax anti money money laundering controls and they didn't really take action deutsche bank is saying that they have fixed a lot of this they've invested a lot of money and they're now a new bank but it certainly raises a lot of questions certainly how about you know on the part of regulators i mean how could this continue for so long. it also of course really points the finger at regulators the banks themselves obviously have a lot of work to do but you know since the financial crisis regulators have taken

all of action to really get banks to clean up their action and it's clearly not working because many banks have been fined for a 4 activity related to money laundering and they just continue to to repeat the same actions over and over again so clearly the fines that they're handing down are not really deterring this kind of behavior so you know 11 discussion should. is really should there be stronger penalties for failing on money or money laundering grounds should there be a rush should there be crit criminal prosecution because the fines and sort of the . demands that banks stop doing this are clearly not successful now in preventing this kind of behavior chalcedony with a view from frankfurt arthur sullivan here in the studio thank you so much to both of you. let's turn to some other news in belarus protesters are conceding nothing despite an intensive

government crackdown tens of thousands of people gathered in major cities throughout the country on sunday police and the military have been out in force detaining peaceful demonstrators who are calling for president alexander lukashenko to step down after just future elections. the streets of minsk turned into a sea of red and white flags the symbol of the opposition tens of thousands joined the march of justice in the capital and of his cities it's the 6th straight sunday of protests but what looks like a high turnout was actually significantly lower than other weekends perhaps a result of call expect president alex on the go for tougher action against his critics who want him to step down. some of them have never experienced without him. the i recently stated i do my gratitude there is a streaming of democracy dreaming of freedom and justice where laws are observed

across instable notion that we don't want our children to grow up in a prison look around that people in uniforms behind barbed wire everywhere which are where all. the government is flexing its military muscles armored vehicles amende to intimidate protesters metro stations were closed the internet slowed down dozens were arrested. and police brutality is getting more and more visible like here no. i'm not resisting stop strangling me i haven't done anything shouts this protester before police arrest him in response to the latest escalation of violence and online messaging channel with more than 2000000 subscribers published a list of names birthdays and addresses of more than 1000 police officers. let's take a look at some other stories making news around the world

a plague of lead by anti-government protesters amid massive weekend rallies in thailand's capital bangkok has been removed excuse me that's a plaque there the plaque declared that thailand belongs to the people student led protests calls for reform of the monarchy and the political system they have been ongoing since july. demonstrators have marched in several german cities calling for the evacuation of overcrowded migrants i think counts in greece they want the german government to take in more than 1500 refugees it has already agreed to relocate after the fire at the morea camp on less schools. new zealand's prime minister just into ardern has announced all remaining coronavirus restrictions will be lifted across much of the country with the exception of its largest city auckland will continue to have some measures in place for another 16 days the city's outbreak now appears to be under control. one of the british

government's top medical advisors is warning but the u.k. is not a critical point in the coronavirus crisis since the start of the pen make more than 40000 people in britain have died after testing positive for covert 19 the highest number in europe and the u.k. health minister has now refused to rule out a 2nd total lockdown in england. as the u.k. enjoys the final days of summer it's not just the approaching winter that fills many with a sense of foreboding with infection rates rising a 2nd lockdown is increasingly likely we face a tipping point as a country and everyone has a role in the choice that we face either everybody follows the rules or we're going to have to take more stringent actions starting this month people who have tested positive for the coronavirus will be hit with stiff fines if they break quarantine . such fines are nothing new but at 10000 british pounds for repeat offenders the

financial hit for those caught it is significant the u.k. government has not shied away from controversial decisions it has not however managed to implement an effective national testing system. in the past 2 weeks bottlenecks have forced many people to travel hundreds of kilometers for a test. because the system. but the mess. with which to some. so far local look downs have been centered on the north of the country but the capital london he's likely to be next it's man has already demanded that restaurants and pubs close by 10 pm. cycling's most prestigious race the tour de france and in paris on sunday and 21 year old rookie todd polish are became the youngest to take the crown since world war 2 back in his home village in slovenia people got together to celebrate their native sons victory he is the 1st

sylvania to win the race and his compatriot pretty much rugeley came in 2nd to lock up a very popular one to finish. and the annual emmy awards the television world's version of the oscars were handed out on sunday in a virtual ceremony hosted by jimmy kimmel from los angeles h.b.o. show succession took the gong for best drama series with its star jeremy strong bagging best actor now it was also recognized for its writing but it was another h.b.o. show watchmen that led the night of winning a levin categories now its star regina king won for best actress in a limited series with her costar. tina the 2nd winning best supporting actor the show on. so won the award for outstanding writing of a limited series in the comedy awards shit's creek that's the name of the show if

that's the age by the way it put in a powerhouse performance its stars and won all of the acting prizes and supporting actor dan levy also won for his writing and directing show. up next on the w. news it is world stories the weekend reports i'm sara kelley in berlin don't forget there's always more on our website d.w. dot com thanks for watching take. beethoven. did do do do do do do. did is to do the job the 60. true roger. sumi romance of stolen beethoven.

of course the subconscious always one thing is clear. for you to want to be popular . i'm serious.