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Re: Are we legally associated with advertised services?
by
hilariousetc
on 12/01/2023, 11:46:18 UTC
Purely hypothetical, but let's say either Betnomi or ChipMixer does money laundering (without the acknowledgement of their campaign participants). Are participants considered guilty, from a legislation point of view, for accepting laundered funds?
Most of the large banks in my country have been found guilty of money laundering. The banks paid a fine, management collected their bonuses, and that's it. The end.

But he's not a large bank. Banks and other large scale businesses operate under different rules to the rest of us. HSBC was caught knowingly laundering a billion dollars for the Mexican cartel and nobody went to prison. They just paid a 2 billion fine which is probably a couple of weeks profit for them and then move on. If you laundered even a few thousand you'd go to jail and pay fines. For banks it's just a calculated risk and they'll take the chance knowing that even if they get caught they'll just pay the fees and carry on.

https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx
https://www.independent.co.uk/independentpremium/long-reads/hsbc-laundering-mexican-cartel-blackhurst-b2097490.html