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What's funny is that all these banks have mandatory anti-money laundering training courses that are enforced down the hierarchy to developers, IT staff and even
by mihaifm 8y ago
What's funny is that all these banks have mandatory anti-money laundering training courses that are enforced down the hierarchy to developers, IT staff and even call center operators, while most of the fraud is done at the top tier with the consent of high ranking managers.
- gcb0 8y agoand that's why we should always celebrate and defend whistle-blowers.
- Krasnol 8y agoI always felt like those were done for two reasons: 1) tell your clients/press that you have them 2) if you get caught tell you "we've told you not to do it. we're at no fault here" From my personal experience they are not being taken serious if the client is important. Or are being taken serious in a way that you have people who help you out with that kind of shady business stuff.
- mannykannot 8y agoThe second part of item 2 is that you then set up the incentives in such a way that some of your minions will choose to break the law (and hide it from you) without being explicitly instructed to do so.
- tristor 8y agoPlausible deniability is the first step to creating a criminal empire where you don't get caught. Anyone who has ever seen The Wire already knows where this ends up.
- ozzi94 8y agoWhen I was at Intel a decade ago all the techies had to go through mandatory ethics training because the Sales guys had been arrested busy bribing people in the third world. So not just banks.
- darkpuma 8y agoMaybe you're missing some causation. Only the top tier commit fraud because the anti-fraud training scares the lower levels into compliance, but is ineffectual on people higher up in the organization.
- noja 8y agoWhy though? Every large company launders money through tax havens to disguise its origin or evade tax, so what do those training courses achieve?