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You missed this: > The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system.

• refurb 6y ago
  What does “tainted” mean? That seems like a weasel word to imply something nefarious without proof. As the OP stated. The banks are flagging these transactions as per regulations. Should we have them block every “suspicious” transaction?
  • joe_the_user 6y ago
    Quote (again): "In some cases the banks kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecutions if they didn’t stop doing business with mobsters, fraudsters or corrupt regimes." The situation and the article is only slightly complicated. Why are there so many folks not getting it?
    • franciscop 6y ago
      How does the bank determine who is e.g. a mobster? If a judge, or maybe even the police says "person X is a mobster don't do transactions with them" it's pretty clear and I'm sure they'd comply. Otherwise it's again a totally ambiguous statement since it implies the bank would need to do the police's job better than the police.
    • refurb 6y ago
      I think the key is your statement says "in some cases" and the parent quote is "trillions of dollars in tainted money". I'm not arguing the banks are innocent here. Just that the author seems to be bucketing all of the different cases, that range from outright illegal activity to simply "suspicion", together.