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question: say Russians want to launder $10B. Banks help them. What is the % today to launder money? And how much would banks keep? I am surprised execs would r
by onetimemanytime 8y ago
question: say Russians want to launder $10B. Banks help them. What is the % today to launder money? And how much would banks keep?
I am surprised execs would risk jail, fines, lifetime job loss unless they would profit handsomely. Maybe they can get paid on the side for such deals? I get the bonus payments from the bank but still...
- JOnAgain 8y agoI'm not under the impression the execs are risking jail, fines or lifetime job loss. The latter seems possible, but I haven't heard of many execs going to jail or suffering personal fines.
- binarymax 8y agoBut they don't risk any of those things. Aside from Iceland can you mention a bank where their execs did jail time in the past 10 years for the shenanigans that have come to light? HSBC was caught red handed laundering money for drug cartels and I think maybe there were some fines? None of them went to jail.
- onetimemanytime 8y agostill, how much will the bank get on fees and what % does trickle to C-level execs? I mean still the reward can't be that great (relative to their existing wealth /salaries
- deleted 8y ago[deleted]
- driverdan 8y agoMany times they're not active participants. They don't investigate sources but aren't outright told it's money laundering.