https://www.cbc.ca/news/business/icij-banking-1.5733835" The financial sector was rocked this week by a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite previous warnings from regulators. "
" The consortium reported that documents indicate that JPMorgan moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and the Ukraine. The bank also processed more than $50 million in payments over a decade for Paul Manafort, the former campaign manager for President Donald Trump, according to the documents, which are known as the FinCEN Files. "
Basically the news story says that $2 Trillion dollars were laundered by large western banks.
How can criminals so easy launder money by the trillions but half the guys on here struggle to get a legitimate offshore bank account open? are criminals just that much smarter than the average person here?
Like I don't understand.
" The consortium reported that documents indicate that JPMorgan moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and the Ukraine. The bank also processed more than $50 million in payments over a decade for Paul Manafort, the former campaign manager for President Donald Trump, according to the documents, which are known as the FinCEN Files. "
Basically the news story says that $2 Trillion dollars were laundered by large western banks.
How can criminals so easy launder money by the trillions but half the guys on here struggle to get a legitimate offshore bank account open? are criminals just that much smarter than the average person here?
Like I don't understand.
