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The US has even bent the Swiss banks to their will. I think that "not under US influence" isn't a synonym for "outside of the US." Withdrawing large amounts of
by pyre 13y ago
The US has even bent the Swiss banks to their will. I think that "not under US influence" isn't a synonym for "outside of the US."
Withdrawing large amounts of cash, or transferring money to (e.g.) the Bank Melli Iran would have presumably raised red flags.
- blackoil 13y agodepending on the amount HSBC/Citibank can be considered not under US influence.
- digitalengineer 13y agoEverything that uses the SWIFT banking system is under the US control. So that's basically everything and everybody. That's wht some of the BRIC's are setting up their own SWIFT payment system...
- sangnoir 13y agoI think you are overstating the amount of control the US has. The US is spying on SWIFT transactions, that's a world of a difference from actually controlling SWIFT.
- digitalengineer 13y agoDid I really? WallStreetJournal :"Both houses of the U.S. Congress have drafted legislation threatening to penalize Swift's board and owners if they didn't ban the suspect Iranian entities from using its network." http://online.wsj.com/news/articles/SB10001424052970204795304577223900530203704 http://online.wsj.com/news/articles/SB1000142405297020479530...
- rgbrenner 13y agoI think he was referring to this: http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves... http://nypost.com/2012/04/05/us-regulator-cites-citibank-for-violating-money-laundering-law/ http://nypost.com/2012/04/05/us-regulator-cites-citibank-for...