2 ms·
You are confusing profit, earnings, and the amount of money laundered, each of which is distinct and very different. If you give me a million dollars in counte
by StanislavPetrov 9y ago
You are confusing profit, earnings, and the amount of money laundered, each of which is distinct and very different.
If you give me a million dollars in counterfeit bills, and I launder them for you, I might get paid only $10,000. My laundering efforts might have cost me $9,000. In this case my profits are $1,000 even though my earnings were $10,000 and I laundered $1,000,000.
I'm not saying that HSBC laundered 19 trillion, but the earnings and/or profits of HSBC have absolutely no relation to the potential amount they laundered.
- dsacco 9y agoSure, but I think you’re missing the forest for the trees here.