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Dollars held outside the US are absolutely subject to US regulation. The banks themselves are not subject to US banking capital requirements because they have n
by selectodude 4y ago
Dollars held outside the US are absolutely subject to US regulation. The banks themselves are not subject to US banking capital requirements because they have no access to the federal reserve. If you commit a US crime with a dollar held overseas, you still fall under US jurisdiction.
- steveBK123 4y agothe brightest minds of a generation, encoding financial crime in their fintech startups, because they couldn't be bothered to hire a lawyer or read any basic financial history or media in their life
- mrguyorama 4y agoNo, they're doing it because they think they are special and clever and the US can't touch them. They wouldn't be having these discussions if they weren't already aware of what the law asks of them.
- steveBK123 4y agoYeah that's even dumber then. Understand enough to know they are breaking laws, but think they'll get away with it.
- lottin 4y ago> If you commit a US crime with a dollar held overseas, you still fall under US jurisdiction. This sentence doesn't make any sense.
- csomar 4y agoI know right? But believe the Parent Poster, that's actually the case!