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Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses
- jpz 7y agoIsn't this off topic? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- roschdal 7y agoI think it's relevant.
- groceryheist 7y agoSeems pertinent to discussions of Facebook's new cryptocurrency pseudo-bank no?
- jpz 7y agoThere's no discussion of cryptocurrency in this article.
- digitaltrees 7y agoBlah blah. Nothing will happen. They will pay a fine of 0.00000% of revenue and go about their business. They will still have full access to all markets, the fed discount window for low interest credit and every legal protection of a “person” under law.
- Quequau 7y agoYeah, "Potential Money-Laundering Lapses" is a interesting phrase to use to describe a systemic and long running criminal conspiracy. Sounds like we're most of the way there to the "Nothing will happen" part.
- temprer 7y agoThe amount of prosecutions on white collar crimes has dropped dramatically in the last 20 years. The companies are now too big to fail.
- bksenior 7y agoEh, I think the donors are
- pinkfoot 7y agoLet's see if their CFO is arrested in a third country.
- bicepjai 7y agoU should listen to this https://castro.fm/episode/tHImy5 https://castro.fm/episode/tHImy5
- ptah 7y agosurely if a corporations are persons and they get convicted of money laundering then they should be incarcerated and not fined. for a corporation incarceration would mean shuttering the entire operation for the sentence period
- szggzs27 7y agoDeutsche bank employs tens of thousands of people, shutting them down would cause a lot of grief and miscarried justice. The execs are the ones who should be tried and jailed.
- pjc50 7y ago> Ms. McFadden, a former anti-money-laundering compliance officer at the bank, told The New York Times last month that she had flagged transactions involving Mr. Kushner’s family company in 2016, but that bank managers decided not to file the suspicious activity report she prepared. Some of her colleagues had similar experiences in 2017 involving transactions in the accounts of Mr. Trump’s legal entities, although it was not clear whether the F.B.I. was examining the bank’s handling of those transactions. Perhaps we could start by jailing those directly involved in the money laundering? I find it hard to put too much blame on those trying to provide customer service to the President's family.
- DigitalTerminal 7y ago“Lapses”? Really? That’s what we are calling crimes now?
- pjc50 7y agoIt's impolitic to call it a "crime" when you see who's alleged to have been doing it...
- tempguy9999 7y ago"Lapses" seem ok to me if some upper management are also fortunate enough to gain involuntary entitlement to free food and lodgings.