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"A huge trove of secret government documents reveals for the first time how the giants of Western banking move trillions of dollars in suspicious transactions,
by scifibestfi 4y ago
"A huge trove of secret government documents reveals for the first time how the giants of Western banking move trillions of dollars in suspicious transactions, enriching themselves and their shareholders while facilitating the work of terrorists, kleptocrats, and drug kingpins."
Wow. This is the first I've heard of that, but I've heard of crypto shenanigans endlessly. It's a distraction in comparison.
- ethanbond 4y agoProbably because e.g. SWIFT, a small portion of the traditional western financial system, moves $5 trillion per day. But also yeah, the crypto stuff is a distraction. Think of how much media, regulatory, financial, and technical mindshare has been consumed by this (as of now) hobbyist technology. It's pretty obscene.
- mjhay 4y agoYou don't hear about it because it is only shades of illegal and/or hard to investigate, and most importantly, benefits powerful people (it is no coincidence that financial laws do not prevent this kind of rich people crime). It's been an open secret forever that London is dependent on laundering especially Russian oligarch's money.