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> imagine if some bank knowingly facilitated money laundering You won't have to imagine very hard, HSBC was caught laundering money, told they had to strengthe
by autoexec 3y ago
> imagine if some bank knowingly facilitated money laundering
You won't have to imagine very hard, HSBC was caught laundering money, told they had to strengthen their controls, but ultimately all the Justice Department wanted was a small cut of the action in the form of fines and HSBC has been allowed to continue their corrupt practices even after being caught laundering money again and again (in addition to all kinds of other crimes). It seems like as long as they can pay the fines, banks are basically above the law.