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The DOJ themselves said HSBC is in violation, therefore the point is made without the need for us lay readers to know the exact part.
by mattdeboard 13y ago
The DOJ themselves said HSBC is in violation, therefore the point is made without the need for us lay readers to know the exact part.
- cynicalkane 13y ago??? The Bank Secrecy Act carries with it an enormous amount of different regulations and different laws and different penalties. The exact part is what you need to make your "point". If you can't produce it, no point has been made. The DOJ hasn't bothered to produce any reason to throw executives in jail, and I bet you can't either. Blithe self-righteousness is not a reason. A vague reference to a multi-hundred-page set of laws and regulations is not a reason.
- mattdeboard 13y agoOk, thanks for participating in our conversation
- moocowduckquack 13y agoThe DOJ hasn't bothered to produce any reason to throw executives in jail New York State Penal Law Sections 175.05 and 175.10 edit - 175.10, which HSBC have admitted guilt to, is a class E felony in NY, which apparently has sentencing guidelines of up to four years in prison with a minimum of one year.
- tsotha 13y agoThat could be real or it could be posturing. That's why we have a court system - to hash these kinds of things out. It's not at all uncommon for prosecutors to say things like that and then not file charges because they know they can't get a conviction.