HSBC’s procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said.And the cops and prosecutors are slavering over their share.
Which may explain why the Feds are so loathe to do to the banks what they do to other criminal enterprises: Shut them down. For the banks, especially the Huge Scumbag Banking Corp, can be counted on to keep breaking the law, which makes them cash cows for the cops.
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