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Standard Chartered bank was fined $1.1 bil a few years ago for laundering money for Iran. They were fined for the same thing in 2012. Deutsche Bank was fined $
by pton_xd 2y ago
Standard Chartered bank was fined $1.1 bil a few years ago for laundering money for Iran. They were fined for the same thing in 2012.
Deutsche Bank was fined $2 bil in 2023 for laundering for Russia. They were fined for the same thing in 2017. UBS was fined $4 bil for laundering and tax evasion in 2019. French bank BNP Paribas paid $9 bil in fines in 2014 for laundering for Iran. Credit Suisse has been caught / fined for laundering for Iran. And so on. Our banks work with all of these banks.
Looking outside the EU, I'd guess you could also transfer money to / from Iran by just making a stop over in Hong Kong or the UAE. But how would we know? The banking system is a black box of fraud.
- manquer 2y agothey were caught and fined, that doesn’t happen with crypto exchanges? While under the American umbrella of regulation neither bank is American is kind of notable I suppose. Perhaps European regulators are not as strong is more a issue rather than regulations are not a good idea? It took American financial systems for example to bring down the former head of FIFA Sepp Blatter , he was operating in Switzerland with no consequences and the history of Swiss banks working with nazis is not something one can forget either .