FINCEN leaked files & money laundering

Spikie

Experienced Member
Joined
Dec 5, 2016
Location
Uk
Interesting news published today , how major banks have allowed 2tn of criminal money to flow through the system.

a very interesting point is that if a bank has flagged an account or transaction as criminal, they can still profit from the transactions and be free from liability .

Why are casino players getting fucked by sow etc when it is a drop in the ocean ?

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Lemon

Aaaaah! Lemon fresh :)
Joined
Mar 14, 2017
Location
Skinton-on-sea
Meh. Criminals all around the world having been funneling money through banks for years. The banks don't give a shit because the fines they get given are always far less than the money they earn from it, so what have they got to lose, apart from morals that they don't have?
 

Playford7

Meister Member
MM
Joined
Jul 10, 2016
Location
North east England
Meh. Criminals all around the world having been funneling money through banks for years. The banks don't give a shit because the fines they get given are always far less than the money they earn from it, so what have they got to lose, apart from morals that they don't have?
This... they probably have in the yearly accounts amounts lost due to fines as a obvious expense.

many online casinos probably do, shady way of things but that’s life.
 

bowki

Senior Member
MM
Joined
Jun 12, 2013
Location
Germany
HSBC, Barclays, Deutsche Bank, Standard Chartered, JP Morgan, UAE Central involved. Im shocked... not. :D
 

goatwack

Get dunked, big buns!
CAG
Joined
Aug 30, 2012
Location
Londonia
I always thought banks gave this money to Barnados or the Red Cross, imagine my anger right now
 

Mr_Slot5

Experienced Member
Joined
May 6, 2019
Location
Cheshire
JP Morgan allowed 1 billion usd to be moved to an account that they did not know who controlled it .....
Yet we can't deposit £50 for a bonanza session without scrutiny.

It's all absolute bollocks. Easier to fuck over the little guy.
 

samdog21

Senior Member
PABnononaccred
PABaccred2
PABnoaccred2
MM
Joined
Dec 9, 2017
Location
jacksonspoint ontario canada
Hence Bermuda ect, one of the top 10 off shore hiders in the world. The 1% including some casino operators love to hide money, been to Bermuda few times, you can hide your money in what's called a hedge fund, no need to hire a trimmer. Lmfao. ✌
 

dealer wins

Senior Member
Joined
Oct 25, 2006
Location
London the sh$thole
Like the OP said, we get enhanced fraud checks and ridiculas SOW requests for depositing modest amounts, whilst $2,000,000,000,000 is illegally moved through our financial institutions.

I still say that probably no one uses casinos for money laundering. If they tried it would be spotted in seconds by the casino.
 

Guntis

Senior Member
Joined
Dec 29, 2017
Location
United kingdom
Like the OP said, we get enhanced fraud checks and ridiculas SOW requests for depositing modest amounts, whilst $2,000,000,000,000 is illegally moved through our financial institutions.

I still say that probably no one uses casinos for money laundering. If they tried it would be spotted in seconds by the casino.

If casino owners are involved they won't spot anything. It's not a system of taking advantage over casino bonuses that makes casinos lose money. It's money laundering which provides an excellent opportunity for a casino owner to make literally tons of money. Here we talking about serious amounts.

And what regulators expect from gambling operators? To maintain obligations and requirements and provide necessary records.
Any paperwork and data for this purpose can be prepared and given to a regulator in the way they want to see it.
 
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