(Headline) "Revenge of the Money Launderers" (Lede) "The "FinCen Files" story reveals: getting caught not only doesn’t stop the world's biggest banks from moving dirty money, it may encourage them" by Matt Taibbi, published 25 September 2020
Source: Reporting by Matt Taibbi Revenge of the Money Launderers The "FinCen Files" story reveals: getting caught not only doesn’t stop the world's biggest banks from moving dirty money, it may encourage them Matt Taibbi 10 min 6 1 On December 11, 2012, U.S. Justice Department officials called a press conference in Brooklyn. The key players were once and future bank lawyer Lanny Breuer (disguised at the time as Barack Obama’s Assistant Attorney General in charge of the DOJ’s Criminal Division), and Loretta Lynch, the U.S. Attorney for the Eastern District of New York, and future Attorney General. The duo revealed that HSBC, the largest bank in Europe, had agreed to a $ 1.9 billion settlement for years of money-laundering offenses. An alphabet soup of regulatory agencies was represented that day, from the Justice Department, to Immigration and Customs Enforcement (ICE), the U.S. Treasury, the New York County District Attorney, and the Office of the Comptroller of the Cur...