Wednesday, September 2, 2020

The Database: Collecting the world's financial data


We investigate how some private companies use personal financial information and the human impact this has.


What do you do if your bank account suddenly gets closed and you and your business can no longer function - and you have no idea why?
You discover it is because you are on a database that you did not even know existed, saying that you have links with "terrorism" and therefore few banks will deal with you.
This happened to two organisations in London which were listed on a database used by the banking system to combat money laundering and other financial crimes.


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