Of course this BBC article is filled with "horrible Russians avoiding sanctions!" it also says:
HSBC allowed fraudsters to move millions of dollars of stolen money around the world, even after it learned from US investigators the scheme was a scam.
JP Morgan allowed a company to move more than $1bn through a London account without knowing who owned it. The bank later discovered the company might be owned by a mobster on the FBI's 10 Most Wanted list.
The UK is called a "higher risk jurisdiction" like Cyprus, according to the intelligence division of FinCEN. That's because of the number of UK registered companies that appear in the SARs. Over 3,000 UK companies are named in the FinCEN files - more than any other country.
Of course this BBC article is filled with "horrible Russians avoiding sanctions!" it also says:
HSBC allowed fraudsters to move millions of dollars of stolen money around the world, even after it learned from US investigators the scheme was a scam.
JP Morgan allowed a company to move more than $1bn through a London account without knowing who owned it. The bank later discovered the company might be owned by a mobster on the FBI's 10 Most Wanted list.
The UK is called a "higher risk jurisdiction" like Cyprus, according to the intelligence division of FinCEN. That's because of the number of UK registered companies that appear in the SARs. Over 3,000 UK companies are named in the FinCEN files - more than any other country.
JP Morgan has also been personally manipulating the metals market for over a decade, and is still continuing to do so.
I'd much prefer this over the banks getting involved in what money is dirty or not. Leave criminal investigations to the respective authorities.
Now if only the respective authorities would do their job.
I'd prefer we burn the investment banks to the ground.
Duh. HSBC was identified as allowing accounts for Cartels, CIA front organizations, and terrorists years ago.
But US Bank refused to let a Proud Boys member bank with them.
Taxation is theft.
well theg allowed China to destroy all industry in this country so we need to get money somehow
can't wait to see absolutely nothing happen
Yeah but don't think about putting money from legal weed sales in there! Nosiree!
Well duh, legal weed competes with some of their biggest customers.
Shocked.
I am not.