or right so a complicated issue here to go through this i have your porter arthur sullivan joining me here in studio and chelsea delaney our financial correspondent in frankfurt good to have you both arthur let's start with these files this big leak what exactly was it and how does it relate to georgia ok so these files have been leaked from the u.s. treasuries specific department for investigating financial crimes hence the name fin sent financial crimes enforcement network they were linked to journalists in both feet which then shared it with the in international consortium of international rescue of journalists and what these files are stephen is financial transactions reports by banks where they think suspicious activity has taken place so thousands of reports which banks have filed themselves to u.s. authorities saying this looks like a dodgy transaction because it comes from such a country or it involves individuals with a history of been involved criminality yet the transactions in many cases are in most cases went through and terms of georgia banks are all the bad news for the

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 b

and we have team coverage of this story i'm joined here in the studio by business reporter arthur sullivan chelsea delaney is standing by for us in frankfurt and arthur i'd like to begin with you the scale of this seems enormous what does it say about the global financial system you have the scale is enormous era so as the report was outlined 2 trillion dollars worth of transactions taken place over close to 2 decades the research work involved $400.00 journalists from several countries all around the world took over a year to compile all this so much new information that's going to be coming out today and over the next week that we have to steadily pick through what it says about the global financial system i mean a lot of this in itself is not that shocking we know for years that banks have facilitated money laundering that they have through their practices without you know they've allowed dirty money become clean money essentially the question is the scale of that's what this does this reveals it shows that it's been happening on a very very large scale for several several years and it

well to discuss all of this i'm joined by business reporter arthur sullivan arthur you know this seems like it's a scale that is quite huge you could say it's enormous it is quite hard to get your head around it so we just saw some of the figures and some of the headline numbers involves 2 trillion dollars worth of transactions that involve some of these banks so to break that down the documents that this very large international network of journalists $400.00 journalists in total working with it was $2100.00 specific documents of financial transactions which they then added to with about $18000.00 additional documents which they got through interviews and through all their leaks so you're talking about a massive amount of data that they had to troll true and when you and in some cases they may be emerge with one name and address and they have to go further to find out exactly what some of these transactions involved and how they were linked to some of these banks the huge scale which will take several days and weeks to truly on paper as the music merges from this big data draw well on

it is a massive scandal let's talk about it more now with our business reporter arthur sullivan is with us here in our studio and do we have our correspondent selsey delaney over in frankfurt near the headquarters of georgia back great to have you both arthur let's start with you we're talking about a massive scale here so many banks that are implicated what does this tell us about the global financial system you know the skin is huge since you know at the center of it is these 2000 or so suppose so-called suspicious activity reports and these were these are reports detailing what banks suspect to be criminal activity in their accounts and so on so there's so much detail to pore through it's 20 years of reports and around 2 trillion dollars worth of transactions so so much stuff to come out and so much specific detail about some of these transactions what they tell us is something that on one level we already know about the global financial system bunks how for years facilitated money laundering and the so-called washing of dirty money not the something that they necessarily want to do

well to discuss all of this i'm joined by business reporter arthur sullivan arthur you know this seems like it's a scale that is quite huge you could say it's enormous it is it's quite hard to get your head around it so we just saw some of the figures and some of the headline numbers involves 2 trillion dollars worth of transactions that involve some of these banks so to break that down the documents that this very large international network of journalists foreign journalists in total were working with it was $2100.00 specific documents of financial transactions which they then added to with about $18000.00 additional documents which they got through interviews and through all their leaks so you're talking about a massive amount of data that they had to troll true and when you and in some cases they may be emerge with one name and address and they have to go further to find out exactly what some of these transactions involved and how they were linked to some of these banks huge scale which will take several days and weeks to truly on pick as the music merges from this big data draw we

it is a massive scandal let's talk about it more now with our business reporter arthur sullivan is with us here in our studio and we have our correspondent shall see delaney over in frankfurt near the headquarters of dr back great to have you both arthur let's start with you we're talking about a massive scale here so many banks that are implicated but what does this tell us about the global financial system you know the scam is huge so you know at the center of it is these 2000 or so suppose so called suspicious activity reports and these were these are reports detailing what banks suspect to be criminal activity in their accounts and so on so the so much detail to pore through it's 20 years of reports and around 2 trillion dollars worth of transactions so so much stuff to come out and so much specific detail about some of these transactions what they tell us is something that on one level we already know about the global financial system banks have for years facilitated money laundering and the so-called washing of dirty money not something that they. necessarily want to do but it's s

it is a massive scandal let's talk about it more now with our business reporter arthur sullivan is with us here in our studio and do we have our correspondents shall see delaney over in frankfurt near the headquarters of deutsche bank great to have you both arthur let's start with you we're talking about a massive scale here so many banks that are implicated what does this tell us about the global financial system you know the skin is huge soon you know at the center of it is these 2000 or so suppose so called suspicious activity reports and these were these are reports detailing what banks suspect to be criminal activity in their accounts and so on so there's so much detail to pore through it's 20 years of reports around 2 trillion dollars worth of transactions so so much stuff to come out and so much specific detail about some of these transactions what they tell us is something that on one level we already know about the global financial system bunks how for years facilitated money laundering and the so-called washing of dirty money not that it's something that they necessarily want

it is a massive scandal let's talk about it more now with our business reporter arthur sullivan is with us here in our studio and do we have our correspondents shall see delaney over in frankfurt near the headquarters of deutsche bank great to have you both arthur let's start with you we're talking about a massive scale here so many banks that are implicated what does this tell us about the global financial system you know the scam is huge since we know at the center of it is these 2000 or so suppose so called suspicious activity reports and these were these are reports detailing what banks suspect to be criminal activity in their accounts and so on so there's so much detail to pour through it's 20 years of reports around 2 trillion dollars worth of transactions so so much stuff to come out and so much specific detail about some of these transactions what they tell us is something that on one level we already know about the global financial system bunks how for years facilitated money laundering and the so-called washing of dirty money not that it's something that they necessarily want

arthur e. kaiser of fort lauderdale, florida, ms. jennifer blum of washington, d.c., upon recommendation of the majority leader, ms. kathleen sullivan alioto of new york, new york, mr. robert shireman of berkley, california, and dr. rosalind clark artes of columbia, south carolina. the speaker pro tempore: the chair will now entertain requests for one-minute speeches. for what purpose does the gentleman from pennsylvania seek recognition? >> madam speaker, request unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, madam speaker. madam speaker, i rise today to thank and celebrate someone who has been a dedicated member of my team for many years now, field representative and office manager, recently surpassed a 20-year milestone representing our district. barb has selflessly served the district since september of 2000, initially with my predecessor, congressman john peterson. mr. thompson: we are truly blessed to welcome her to the thompson team. barb is an active member of the community and never