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Do you really ? AFAIK no one went to prison, those banks still exist today and still operate in the same way. In the best case scenario they are given a fine t
by bigbugbag 10y ago
Do you really ? AFAIK no one went to prison, those banks still exist today and still operate in the same way.
In the best case scenario they are given a fine that's a fraction of the profit they made doing this. So the incentive is to keep at it unfazed and pay fines.
- bogomipz 10y agoIndeed and not only are these banks all still around and nobody has gone to jail but these U.S banks are actively lobbying Congress for an easing of the existing anti-money laundering regulations: http://www.reuters.com/article/us-usa-banks-moneylaundering-exclusive-idUSKBN15V1E9 http://www.reuters.com/article/us-usa-banks-moneylaundering-...