I feel like the link you just provided completely invalidates the way you started “if you are a giant bank you can ml all you want” but then you show the fines that show you can’t do this all you want.
Keep in mind the banks are profiting from others laundering money not from laundering their own money.
“It’s big brothers attempt to monitor capital flows.”…yes exactly…
The bigger the bank the more they can ML. The fines are to pay off the biggest mafia in town to leave them alone. It has nothing to do with stopping crime and everything to do with surveillance and data collection.
I feel like the link you just provided completely invalidates the way you started “if you are a giant bank you can ml all you want” but then you show the fines that show you can’t do this all you want.
Keep in mind the banks are profiting from others laundering money not from laundering their own money.
“It’s big brothers attempt to monitor capital flows.”…yes exactly…
The bigger the bank the more they can ML. The fines are to pay off the biggest mafia in town to leave them alone. It has nothing to do with stopping crime and everything to do with surveillance and data collection.