These are the types of activities that continue to dissuade me from using commercial financial services, and news like this of well-established banks and or other types of trusted financial service companies and products make the so-called frauds and dangers of cryptocurrencies and decentralized finance appear to be relatively harmless by contrast.
And along the same lines of thinking check out how much money is involved in anti-money laundering. Just in fines alone $2,852,900,000 (billions) was collected from ten large financial institutions, fines mind you, just fines.
Apparently anti-money laundering enforcement is a lucrative non-profit business.
These are the types of activities that continue to dissuade me from using commercial financial services, and news like this of well-established banks and or other types of trusted financial service companies and products make the so-called frauds and dangers of cryptocurrencies and decentralized finance appear to be relatively harmless by contrast.
And along the same lines of thinking check out how much money is involved in anti-money laundering. Just in fines alone $2,852,900,000 (billions) was collected from ten large financial institutions, fines mind you, just fines.
Apparently anti-money laundering enforcement is a lucrative non-profit business.
I guess that means I am in the wrong business.
https://constantinecannon.com/whistleblower/top-ten-money-laundering-enforcement-actions-2022/
Thanks for sharing, Robert - Definitely need to check out the anti-money laundering world.