News for hackers. Stuff that matters.

A comment on Inside Swiss Banks’ Tax-Cheating Machinery. Parent comment

Re:Inside Swiss Banks’ Tax-Cheating Machinery by patio11 on Thursday October 22, 2015 @09:14PM (#10436255)
Transactions in USD must be cleared in NYC; the US' position is that banks which don't play ball re: money laundering lose access to the US financial system.
[ Parent | on HN ]
Re:Inside Swiss Banks’ Tax-Cheating Machinery by fla on Friday October 23, 2015 @01:54AM (#10437024)
Which basically means they would lose their US banking liscense and coudn't trade in USD anymore.

What would be interessting would be to know how some banks could accept these consequences and still survive.

[ Parent | on HN ]
Re:Inside Swiss Banks’ Tax-Cheating Machinery by gadders on Friday October 23, 2015 @06:23AM (#10437743)
BNP did for a few things.
[ Parent | on HN ]