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> It is done by the likes of HSBC, Standard Chartered and other big banks. And, as it happens, because of the records, it has been discovered and everyone invo

> It is done by the likes of HSBC, Standard Chartered and other big banks. And, as it happens, because of the records, it has been discovered and everyone involved is traceable. The system works.

read_if_gay_ 5y ago
So where are the consequences?
- rad_gruchalski 5y ago
  What do you expect? That I google this for you? Here’s an example: https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx https://www.investopedia.com/stock-analysis/2013/investing-n... It’s all public knowledge and pretty easy to find.
  - read_if_gay_ 5y ago
    > Given the bank's size, it appears that it and some of its peers are too big to jail because they are too big to fail. Instead they got fined for less than 0.1% of their total holdings. The system doesn’t work. This is not a consequence.
- krageon 5y ago
  There are no consequences that matter, because the system itself is the problem.
nenadg 5y ago
>and everyone involved is traceable. The system works. The system does not work. Everyone involved have been discovered by `rouges` like Assange that system holds in jail for either made-up or largely irrelevant accusations, out of the scope of their opus, full soviet style. Everyone knows the king is naked and just comedians and activists at large (or in jail) has courage to say something about it, which is pretty medieval position for all of us to start with.
- rad_gruchalski 5y ago
  You are making a very broad statement and I was able to find this right in the first result from google: “Immigration and Customs Enforcement agents revealed suspect money trails between HSBC's Mexican and United States operations.” https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx https://www.investopedia.com/stock-analysis/2013/investing-n...
- ridiculous_leke 5y ago
  In case of crypto, even the rogues wouldn't be able to do anything.

> It is done by the likes of HSBC, Standard Chartered and other big banks. And, as it happens, because of the records, it has been discovered and everyone involved is traceable. The system works.

read_if_gay_ 5y ago

So where are the consequences?

rad_gruchalski 5y ago
What do you expect? That I google this for you? Here’s an example: https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx https://www.investopedia.com/stock-analysis/2013/investing-n... It’s all public knowledge and pretty easy to find.
- read_if_gay_ 5y ago
  > Given the bank's size, it appears that it and some of its peers are too big to jail because they are too big to fail. Instead they got fined for less than 0.1% of their total holdings. The system doesn’t work. This is not a consequence.
krageon 5y ago
There are no consequences that matter, because the system itself is the problem.

nenadg 5y ago

>and everyone involved is traceable. The system works. The system does not work. Everyone involved have been discovered by `rouges` like Assange that system holds in jail for either made-up or largely irrelevant accusations, out of the scope of their opus, full soviet style. Everyone knows the king is naked and just comedians and activists at large (or in jail) has courage to say something about it, which is pretty medieval position for all of us to start with.

rad_gruchalski 5y ago
You are making a very broad statement and I was able to find this right in the first result from google: “Immigration and Customs Enforcement agents revealed suspect money trails between HSBC's Mexican and United States operations.” https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx https://www.investopedia.com/stock-analysis/2013/investing-n...
ridiculous_leke 5y ago
In case of crypto, even the rogues wouldn't be able to do anything.