HSBC always comes out first when the topic of money laundering comes up. They seem to know where the money is and how to get the cut. Itβs not going to stop as they paying fines is a no-brainer if that is the only side effect for illegal/criminal activity.
I dont know why Institutions get away with criminal activity with a slap on the wrist. Tells a lot about our society. Sometimes it feels like laws exist only to keep the poor guy without clout in check.
Probably has more to do with the fact that it is the only bank that operates pretty much everywhere on the planet. Even large international banks only have licenses in a handful of countries and post 2008 financial regulations have applied pressure to reduce that number.
I dont know why Institutions get away with criminal activity with a slap on the wrist. Tells a lot about our society. Sometimes it feels like laws exist only to keep the poor guy without clout in check.