Re:Leak Suggests NSA Was Deep in Middle East Banking System
by azernik on Sunday April 16, 2017 @09:05PM
(#14128579)
And we prosecute those banks. But our courts do not have jurisdiction in Qatar.
Re:Leak Suggests NSA Was Deep in Middle East Banking System
by bogomipz on Sunday April 16, 2017 @09:33PM
(#14128675)
No the U.S does not, paying a fine is not the same as criminal prosecution. Nobody in any of those links I provided went to jail. A slap on the wrist fine is not prosecution at all, it is simply the "cost of doing business."
And in the case of HSBC the decision was made to not to pursue the case, and it had nothing to do with jurisdiction.
Re:Leak Suggests NSA Was Deep in Middle East Banking System
by bigbugbag on Monday April 17, 2017 @05:38AM
(#14130005)
Do you really ? AFAIK no one went to prison, those banks still exist today and still operate in the same way.
In the best case scenario they are given a fine that's a fraction of the profit they made doing this. So the incentive is to keep at it unfazed and pay fines.
Re:Leak Suggests NSA Was Deep in Middle East Banking System
by bogomipz on Monday April 17, 2017 @09:29AM
(#14130719)
Indeed and not only are these banks all still around and nobody has gone to jail but these U.S banks are actively lobbying Congress for an easing of the existing anti-money laundering regulations:
http://www.reuters.com/article/us-usa-banks-moneylaundering-...
And the UK's HSBC has also been shown to be quite keen on doing business with terrorists and drug cartels:
https://www.theguardian.com/business/2016/jul/11/hsbc-us-mon...
As did the U.S's Wachovia Bank - now part of Wells Fargo:
https://www.theguardian.com/world/2011/apr/03/us-bank-mexico...
As did the U.S's Bank of America and Western Union:
http://www.npr.org/sections/parallels/2014/03/20/291934724/a...