Today on the Brief

• Stocks down, dollar up on COVID-19 resurgence fears
• People’s Bank of China says digital yuan needed to fight USD dominance
• 140,000 have claimed UNI tokens
• Judge stops Trump WeChat ban
• Nikola founder resigns

Our main discussion: The FinCEN Files 

The FinCEN Files are a leaked cache of suspicious activity reports filed by banks with the U.S .Financial Crimes Enforcement Network. The more than 2,000 files, representing $2 trillion in transactions, were leaked to BuzzFeed News more than a year ago. BuzzFeed, in turn, shared them with the International Consortium of Investigative Journalists, who then helped distribute them to 108 publications in 88 countries. 

This episode provides an overview of the leaks and explains why they show that, despite lots of PR bluster, banks are happy to file their reports and then keep on banking likely money launderers.