No more jail time for "little people".

Never happen. The U.S. has set the low standard for non-punishable crime.

Last edited Wed Dec 12, 2012, 05:45 AM - Edit history (8)

...or the payback for money laundering services rendered? It wouldn't surprise me in the least....no matter how much money they allegedly earned in whatever way, shape, or form they earned it. Nobody goes to jail, and everyone is well-paid. How can I get that gig? Wowzer!

Money talks...and truly appears to make the World go around.....In for a penny, in for a pound! Laundering USD$15B in "bulk cash transfers," netting USD$50B+ in the first half of this year, and ONLY paying a USD$1.9B fine, and nobody goes to prison. Not bad...Sure looks like crime pays to me...IN BIG BUCKAZOID RETURNS! Take the money and R-U-N there HSBC!
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Our politicians are little more than money launderers in the trafficking of power and policy -- fewer than six degrees of separation from the spirit and tactics of Tony Soprano.
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This looks and sounds like BCCI or the Nugan Hand Bank...It's déjà vu all over again.
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Nugan Hand Bank
https://en.wikipedia.org/wiki/Nugan_Hand_Bank

BCCI
https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International

Profit. From WaPo:

One of the world’s largest banks, HSBC has its headquarters in London and $2.5 trillion in assets. It earned nearly $22 billion in profits in 2011.

http://www.washingtonpost.com/world/national-security/justice-department-outlines-hsbc-transactions-with-drug-traffickers/2012/12/11/1b8130c4-43bf-11e2-8061-253bccfc7532_story.html

Which I have no objection to but what about a little jail time for the executives involved as this offers no deterrent.

I know them.

a corporate account in HSBC-London and it was a pain. They wanted every director's and signatory's passport, utility bills, proof of source of funds (even though the funds were coming from a well-known UK investment fund) and a gazillion other documents, all notarized and apostilled.

All these anti-money laundering laws do is make it difficult for legitimate individuals and businesses to do banking and it doesn't really stop the drug cartels and corrupt government officials.

I wish they would work on the demand side of the drug trade and/or legalize the drug trade so all this money will be earning taxes, save money on cops and banking would be easier.

Close down a drug dealing operation in the USA.

What the heck was I thinking? I'm supposed to look forward and forget about the past.