4 ms·
Illegal operations would obviously not rely on banks.
by iamthirsty 9y ago
Illegal operations would obviously not rely on banks.
- infecto 9y agoI think you would surprise yourself with that comment. Illegal operations do indeed rely heavily on banks.
- knz 9y ago> Illegal operations do indeed rely heavily on banks. https://www.reuters.com/article/us-hsbc-probe/hsbc-became-bank-to-drug-cartels-pays-big-for-lapses-idUSBRE8BA05M20121212 https://www.reuters.com/article/us-hsbc-probe/hsbc-became-ba... As an example for anyone not familiar with these types of stories.
- iamthirsty 9y agoWhen I bought drugs in high school, it was usually in cash. Sure, I concede multi-million dollar operations may have bank help, but I don't think you're thinking about the full picture.
- dashundchen 9y agoHSBC and Wachovia were recently involved in the laundering of hundreds of billions of dollars for Mexico's biggest drug cartel (and pretty much every executive involved came out unscathed once it was revealed). https://www.theguardian.com/commentisfree/2015/feb/15/hsbc-has-form-mexico-laundered-drug-money https://www.theguardian.com/commentisfree/2015/feb/15/hsbc-h...
- Danihan 9y agoDon't be so sure...