If you are a bank, and you move money for criminals, then you will get in trouble. There is something a little bit weird about this: Airlines don’t generally get in trouble for flying criminals around, and supermarkets don’t get in trouble for selling them food, but banks get in trouble for moving their money. It’s not that weird, as a legal matter, when you consider that banks are not purely private enterprises but have some public-utility functions. The U.S. financial system is in part a tool of U.S. law enforcement, and U.S. banks (and foreign banks that use the U.S. financial system) are deputized to help out law enforcement, and punished if they don’t.
May 26, 2017 at 10:05AM
from Anti-Corruption Digest
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