3 ms·
Wait, folks showing up and depositing millions in a go in cash not raising red flags was negligence? That 2BN fine was leveraged for a combined failure to moni
by warfangle 13y ago
Wait, folks showing up and depositing millions in a go in cash not raising red flags was negligence?
That 2BN fine was leveraged for a combined failure to monitor more than $670bn in wire transfers and $9.4bn in dollar purchases in Mexico. You can bet yer britches they made more than 2bn off of all the shadiness -- and when a fine is less than the profit of the act being fined, the act will not cease.
- patrickdavey 13y agoExactly... they made more cash by laundering and then paying a fine. Presumably banks will keep on doing this until there is a real deterrent (like having the entire operation shutdown by DHS)
- warfangle 13y agoMuch like Mt. ...... Aw crap, full circle.