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That's not correct. There is always some amount of fraud that manage to go through all the checks. That doesn't mean it's intentional. And that certainly doesn'
by user5994461 9y ago
That's not correct. There is always some amount of fraud that manage to go through all the checks. That doesn't mean it's intentional. And that certainly doesn't mean that any financial service can stop doing any verification and become a paradise for fraudsters.
- jacquesm 9y ago> That doesn't mean it's intentional. Except that of course it was: https://www.reuters.com/article/us-hsbc-probe/hsbc-to-pay-1-9-billion-u-s-fine-in-money-laundering-case-idUSBRE8BA05M20121211 https://www.reuters.com/article/us-hsbc-probe/hsbc-to-pay-1-...
- _jal 9y agoThis is a great bit from the article: "Mexican traffickers used boxes specifically designed to the dimensions of an HSBC Mexico teller’s window to deposit cash on a daily basis."