Heidi
@blockchainchick • 143,155 subscribers
Early Adopter #Bitcoin. Been through 2 Bear Markets and 3 Bull Markets. YouTube Personality for Crypto Tips with @sircryptotips
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BANKS ARE THE BIGGEST MONEY LAUNDERERS ON THE PLANET. JPMORGAN TOLD THE SENATE IT'S SOMEONE ELSE. Not one of their CEOs went to prison. In 2020, 2,100 leaked bank reports showed the banks themselves flagging over $2 trillion in suspicious money between 1999 and 2017. They moved it anyway. Here's what they've owned up to. TD Bank left 92% of its transactions unmonitored for six years. $18.3 trillion. Pleaded guilty. Wachovia, now Wells Fargo, failed to monitor $420 billion from Mexican currency exchanges. Fine: $160 million. About $200 billion ran through a single Danske Bank branch in Estonia, much of it suspicious. Pleaded guilty. BNP Paribas moved $8.8 billion for Sudan, Iran and Cuba. Pleaded guilty. Standard Chartered was accused of hiding $250 billion in Iran deals from New York regulators. Settled. Deutsche Bank let $10 billion slip out of Russia through "mirror trades". HSBC moved at least $881 million in drug money. JPMorgan kept Jeffrey Epstein as a client until 2013, five years after his conviction. It reported over $1 billion of his transactions as suspicious. A month after he died. And this Tuesday, Bank of America admitted it willfully broke anti-money laundering law. Over $5 billion in suspicious transactions it didn't report on time. Treasury says it "prioritized its revenues." Fine: $1.2 billion. Profit that quarter: $6.9 billion. The US Attorney General said it out loud in 2013. Some banks are so big "it does become difficult to prosecute them." That's Jamie Dimon in the video, at the Senate in 2023. Watch who he blames. Deposit more than $10,000 in cash and your bank reports you to the government. Let $18.3 trillion go unchecked and you get a fine. Two sets of rules. Guess which one you're on.
Heidi34,840 görüntüleme • 10 gün önce
Daha fazla içerik yok.