Funding Terrorism or Money Laundering

[Ricster]

If you knew someone or a business helping do either of these things what would you expect to happen?

Is this another case of 1 rule for some?

Last week Commonwealth Bank and ANZ bank were fined for doing both. I honestly can't believe the paltry fine and that nobody has been jailed for the breach, yet I'm sure if it was you or I we would be spending some time inside at her majesty's pleasure.

https://www.theguardian.com/news/20...o-pay-700m-to-settle-money-laundering-lawsuit

 

[goater555]

Plenty of it going on in our high streets.

 

[Bert Trautmanns Helemet]

Yet another example of the banks and the social elite acting with impunity.

You are 100% correct - if we did then we would be eating porridge and slipping out each morning.

 

[stonerblue]

Get a beauty salon..

 

[franksinatra]

If you knew someone or a business helping do either of these things what would you expect to happen?

Is this another case of 1 rule for some?

Last week Commonwealth Bank and ANZ bank were fined for doing both. I honestly can't believe the paltry fine and that nobody has been jailed for the breach, yet I'm sure if it was you or I we would be spending some time inside at her majesty's pleasure.

https://www.theguardian.com/news/20...o-pay-700m-to-settle-money-laundering-lawsuit

I would not really expect someone to go to jail for such offeces.

The bank has neither funded terrorism or money laundered from what I have read but due to poor business practise and as an unintended consequence potentially made it easier for others to do so.

 

[Dave Ewing's Back 'eader]

I would not really expect someone to go to jail for such offeces.

The bank has neither funded terrorism or money laundered from what I have read but due to poor business practise and as an unintended consequence potentially made it easier for others to do so.

Yeah, yer've gotta give yer lawyer summat to show in court!

 

[arbabarshad]

Is it worse than UK governments supply of arms to Saudi Arabia ?

 

[The Lightbowne Cowboy]

I tried to launder a few grand last year.. but it fell to bits. :-/

 

[laughing gravy]

I tried to launder a few grand last year.. but it fell to bits. :-/

wait till the new plastic 20s come,you'll be reet then lol

 

[Gareth Barry Conlon]

If you knew someone or a business helping do either of these things what would you expect to happen?

Is this another case of 1 rule for some?

Last week Commonwealth Bank and ANZ bank were fined for doing both. I honestly can't believe the paltry fine and that nobody has been jailed for the breach, yet I'm sure if it was you or I we would be spending some time inside at her majesty's pleasure.

https://www.theguardian.com/news/20...o-pay-700m-to-settle-money-laundering-lawsuit

I would not really expect someone to go to jail for such offeces.

The bank has neither funded terrorism or money laundered from what I have read but due to poor business practise and as an unintended consequence potentially made it easier for others to do so.

As above. The Banks have been found to not have sufficient controls to prevent it - that's a big difference to actively laundering monery or funding terorism. The rules banks work under are incredibly complex and strict. It's no surprise that many of them get it wrong.