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Old 06-03-2015, 04:36 PM  
Relentless
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Banking and fine money is on the table...

"At least 31 different banks or bank branches, located in at least 14 different countries, were identified (though not charged) in the indictment—including Barclays and HSBC. There is only one instance in the reams of indictments of a bank raising any objection to a transfer request. So the case could be a big test of bank liability in such matters. The case comes at a time when regulators have sharply raised their expectations for banks' efforts to spot, monitor and report suspicious transactions. And even if banks were not knowingly involved in laundering money, they could be subject to big fines, if their anti-laundering controls were shown to be wanting."


The Economist explains: How America is pursuing FIFA | The Economist
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