The latest in a long line of new European Union rules to combat financial crime take effect today.
Danske Bank laundered over $200 billion of criminal money....
and not a single company officer, director or executive has gone to jail......
and Danske bank is still open for business as usual....
and let’s not mention HSBC which violated US money laundering laws not once but twice and got away with it.....
AML/KYC in “full effect” !
On the tech side, we have “serial privacy breachers” Google and Facebook
Facebook’s massive $5 billion fine will not even dent their finances, let alone change their advanced privacy breaching methods
Moral of the story:
If you’re “too big to fail”, you can get away with anything by simply paying a fine or engaging an army of top lawyers too find a loophole or excuse