I just finished the episode of Dirty Money: Cartel Banks. And I still don’t get why a bank would purposely launder money with the risk of getting fined. I know they don’t usually get fined much anyway, but how does the actual bank benefit from this
Edit bonus question : can the government not sieze the illegal laundered money? I mean they see the money in the bank and they know it’s laundered and its illegal.
In: Economics
Banks charge a fee for each transaction. Often banks charge higher fees to compensate for transaction that are riskier and could result in a fine. For many, it is the cost of doing business as the fines are always less than the total commission fees collected.
That’s why they’ve been called banksters since the 20s.
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