Re:Mt. Gox Dwolla account frozen by DHS
by OGinparadise on Tuesday May 14, 2013 @11:22PM
(#5709981)
Money Laundering is a serious risk banks face, you only need to look at HSBC's recent debacles to see why.
It's not a risk, it's a business opportunity. At least it was for HSBC http://www.bbc.co.uk/news/business-18866018 . Joe Schmo from small Town, MN would have been a felon by now for doing the same with $10K. The fact that HSBC, other banks (NY Mellon Bank iirc too) and their execs got away with a "cost of doing business fine" shows what's wrong with the system
Re:Mt. Gox Dwolla account frozen by DHS
by api on Wednesday May 15, 2013 @07:06AM
(#5711171)
The HN hivemind thinks that corruption and elite deviance doesn't exist. Maybe we're trying to be different from the Reddit hivemind which sees a conspiracy under every rock.
It's not a risk, it's a business opportunity. At least it was for HSBC http://www.bbc.co.uk/news/business-18866018 . Joe Schmo from small Town, MN would have been a felon by now for doing the same with $10K. The fact that HSBC, other banks (NY Mellon Bank iirc too) and their execs got away with a "cost of doing business fine" shows what's wrong with the system