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A British bank failed to comply with certain American banking regulations, (that only apply to banks that have offices in the US). The British Bank was fined a HUGE amount by the American government for their non-compliance.
End of story.
According to your logic Crockett, you should be pissed at all the OTHER countries in the world that do not require the same reporting criteria that the US does. HSBC is not breaking laws in any other country, only in the US, therefore all of the other countries are failing to require the same level of AML compliance.
You aren't making sense here. Why aren't you lashing out at the UK for failing to implement tighter regulations for their own banks? The US has BY FAR the strictest and most heavily enforced anti-money laundering regulations in the world. This is why they paid this fine in the US and nowhere else. According to your logic you should be applauding the US here.
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