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I guess the most well-known case is HSBC laundering drug money. Do you know any "real consequences" for employees that resulted of it?
by MartinMond 12y ago
I guess the most well-known case is HSBC laundering drug money. Do you know any "real consequences" for employees that resulted of it?
- theorique 12y agoSubstantial fines and imprisonment are potential consequences. http://www.law.cornell.edu/uscode/text/31/5330 http://www.law.cornell.edu/uscode/text/31/5330 I don't know of specific instances where they were enforced (IANAL, etc). This page [pdf] cites some specific penalties but does not refer to specific cases http://www.anti-moneylaundering.com/pdf/Example_Fines_and_Penalties.pdf http://www.anti-moneylaundering.com/pdf/Example_Fines_and_Pe...