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Interesting charges. Are they ever applied to companies that allow money to be wired or otherwise transferred between banks?
by cbd1984 11y ago
Interesting charges. Are they ever applied to companies that allow money to be wired or otherwise transferred between banks?
- patio11 11y agoHSBC penalized $2 billion for allowing HSBC Mexico to continue doing business with local currency exchanges which were likely also doing business with drug traffickers, etc etc. http://www.bbc.co.uk/news/business-20673466 http://www.bbc.co.uk/news/business-20673466
- geofft 11y agoI assume that banks religiously file suspicious activity reports, especially if you go to them and say "Hey, please wire this ransom." Given where the FBI put the words "in violation of ... laws," my guess is that the charge is not for facilitating the money transfer itself, it's for doing so without reporting to the federal government.
- MichaelCrawford 11y ago"The rich are different from you and me." -- F. Scott Fitzgeral, "The Great Gatsby"
- aaronbrethorst 11y agoIt's F. Scott Fitzgerald, and the quote is actually from another story of his, The Rich Boy. http://www.nytimes.com/1988/11/13/books/l-the-rich-are-different-907188.html http://www.nytimes.com/1988/11/13/books/l-the-rich-are-diffe...