3 ms·
The crypto industry's favorite bank is in deep trouble
- bediger4000 4y ago> In recent years, banks big and small have been fined billions of dollars for deficiencies in their anti-money-laundering and compliance efforts. In that sense, the controversy swirling around Silvergate is not uncommon in the financial industry. Does that imply that the entire financial industry does a little light money laundering, accepting the occasional regulatory fine as part of the cost of business? Because that's what it sounds like. How much money is there to launder? In general, where does it come from?