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politicalbetting.com » Blog Archive » REMAIN leads drops by 10% in first post-Tusk talks EURef ph

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    MalmesburyMalmesbury Posts: 45,047
    rcs1000 said:

    Cyclefree said:



    They were repeatedly warned over the years that they were facilitating the financing of terrorism by failing to take appropriate action to tighten up their money laundering procedures. And they ignored those warnings. If they didn't want to be caught by US laws they shouldn't have used the US's currency to do what they were doing. They ignored the warnings because it was too profitable for them. The French government did not strive hard to defend them. And Paribas were treated no worse than other banks which breached US laws.

    Nevertheless, what they did was completely legal where it was done.


    Not my understanding - they may have planned stuff in France, but a good deal of what they did involved executing money transfers inside the US banking system.

    If you transfer money by the US financial system, you are onshore legally and practically.
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