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International Banks worked with Crime Syndicates for years

serfserf Member Posts: 9,217 ✭✭✭✭
edited September 2020 in Politics
This was all top secret and never to released but as you know a grand reset is coming for banking with crypto currencies and  it is going to be harder to wash illegal gains for The Crime Syndicates and the payoffs are going to be stopping for many of them.Cashless transactions are the new normal soon!

        Of course all the world's politicians will wash their hands of it and never be implicated in any investigations.  The same as it ever was, just like the FISA courts they are untouchable, they cry they had the wool pulled over their eyes and are innocent.What a joke it all has become.
                                              serf
This raises two main questions: why are many banks repeatedly breaking the law and/or regulatory standards, and what can be done to change this? Skewed incentives lie at the root of the problem. Under the current system, banks can make significant profit even if they handle tainted funds. There are several reasons for this: on a global basis the rules are rarely enforced; where penalties are handed out, they usually do not go far enough; and, senior executives who have oversight of breaches rarely face financial or reputational consequences themselves. It can even make sense for banks to break the rules under the present system.

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