3 ms·
None of these fines are about laundering money. Also, showing these fines is a long way from "the most law breaking entities". I do believe Wells Fargo got in
by geoduck14 6y ago
None of these fines are about laundering money.
Also, showing these fines is a long way from "the most law breaking entities".
I do believe Wells Fargo got in trouble for helping launder money - and they spent a LOT of money to help fix it.
- dcl 6y agoHSBC then. > HSBC Holdings Plc agreed to pay a record $1.92 billion in fines to U.S. authorities for allowing itself to be used to launder a river of drug money flowing out of Mexico and other banking lapses. https://www.reuters.com/article/us-hsbc-probe-idUSBRE8BA05M20121211 https://www.reuters.com/article/us-hsbc-probe-idUSBRE8BA05M2...
- glbrew 6y agohttps://www.bloomberg.com/news/articles/2021-03-05/ubs-may-use-money-launderer-case-to-appeal-5-4-billion-penalty https://www.bloomberg.com/news/articles/2021-03-05/ubs-may-u... https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs https://www.theguardian.com/world/2011/apr/03/us-bank-mexico... https://www.bbc.com/news/business-54597256 https://www.bbc.com/news/business-54597256 I could keep Googling but that should cover your complaints about laundering money.
- geoduck14 6y agoForgive my vagueness- I wasn't complaining that banks don't launder money - only that the original links didn't support that thesis. You have rectified that. Do you also claim that banks are the biggest thieves?
- seattledev 6y agoBiggest source of theft in the US is wage theft by employers.
- geoduck14 6y agoWait.. really? I'd love to dive into some of those numbers. I'm not saying you are wrong - otoh, I want to see if I can screen for behaviors that are preparatory.