BuzzFeed senior Investigative reporter Jason Leopold talks about how and why banks have allegedly let trillions of ill-gotten money pass through their hands without taking action.
Government resources can't keep up with transactions banks flag as fishy.
The editor of the Organized Crime and Corruption Reporting Project describes how the complex system worked.
One con man got away with millions.
Some fear the closures could hurt immigrants -- Somali expatriates in particular -- who rely on the transfer services to send funds back home.
The Feds have accused Liberty Reserve of moving $6 billion for criminals involved in credit card fraud and Ponzi schemes by converting cash to virtual currency.
The British bank HSBC is to pay almost $2 billion to U.S. authorities to settle a case over money-laundering and sanctions busting. The penalty is the biggest in the history of U.S. banking regulation.