3 ms·

Yes regulations and fines will have an impact on crime prevention, but not when those fines have any impact on the ones doing the crime. Also, I agree with the

Yes regulations and fines will have an impact on crime prevention, but not when those fines have any impact on the ones doing the crime. Also, I agree with the OP, I feel HSBC is a criminal organization because there is so many ethically questionable actions taken by this org[1] and even after getting caught and being fined for aiding criminals they still repeated it. [2] [1]https://en.wikipedia.org/wiki/HSBC#Controversies https://en.wikipedia.org/wiki/HSBC#Controversies [2]https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-...

jimz 6y ago
Well, in part, it's not a good idea to throw stones at glass houses and if you are a regular reader of Inspectors General's reports on various agencies it quickly becomes evident that the agencies tasked with stopping said crime are just trying their hardest not to do that. A few that just involve the improper handling or oversight in conducting money laundering operations that came out this past year, which, because of the pandemic and politics, have seen fewer IG reports than usual: https://oig.justice.gov/reports/audit-drug-enforcement-administrations-income-generating-undercover-operations https://oig.justice.gov/reports/audit-drug-enforcement-admin... https://www.oig.dhs.gov/sites/default/files/assets/2020-09/OIG-20-66-Aug20.pdf https://www.oig.dhs.gov/sites/default/files/assets/2020-09/O...
u678u 6y ago
That's great, now do how much reporting was done by crypto exchanges globally.