In light of these reports governments, securities regulators and executives at global financial institutions have some explaining to do. They have been raking tremendous profits for executives and shareholders by moving dirty money.
Interestingly the leaked documents stem from a congressional investigation into the 2016 U.S. presidential election. We are less than 45-days away from the 2020 elections.
This is not the first instance about money laundering through banks, we will see these reports and then everything goes silent after a while, i have not seen anyone getting implicated for these activities till now and the government always protects these bankers, even if they implements disastrous policies that could bankrupt the government would step in, so i am not expecting any difference even with this report.
Why do these gatekeepers cast doubt about supporting crypto while laundering trillions of dollars for global crime cartels?
It is because anyone can blame a decentralized financial market and it is an easy target for all the centralized institutions.