Maxi- Submitted previously under "know your bank"....
Submitted by Michael Krieger of Liberty
Blitzkrieg blog,
The “Too
Big Too Jail” nonsense that surrounds large U.S. banks and their above
the law employees has been glaringly obvious and thoroughly documented for
quite some time now. Yet what represents an even larger slap in the face to
millions of hard-working, law-abiding citizens, is how relentlessly the
“justice” system goes after small time criminals, while merely fining
oligarch thieves for far worse crimes. I first covered this theme earlier
this year in my piece Some
Money Launderers are “More Equal” than Others, which discussed how HSBC
was caught laundering billions of dollars for Mexican drug cartels.
Well HSBC is back in the news. This time it relates to
their transferring funds on the behalf of financiers for the militant
group Hezbollah. If transactions such as these had even the slightest link
to Bitcoin, there would be endless uproar, calls for countless
Congressional hearings and demands to stop the currency at all costs. But
when HSBC is caught doing it, what happens? A $32,400 settlement.
More from The Huffington Post:
A major U.S. bank has agreed to a settlement for transferring
funds on the behalf of financiers for the militant group Hezbollah, the
Treasury Department announced on Tuesday.
Concluding that HSBC’s actions “were not the result of willful or
reckless conduct,” Treasury’s Office of Foreign Assets Control accepted a $32,400 settlement from the bank. Treasury
noted, as did HSBC in a statement to HuffPost, that the violations were
voluntarily reported.
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