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0.25% fine for money laundering $100 billion, no criminal prosecutions

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Apparently money laundering is a-ok if you’re a bankster. The penalties are a slap on the wrist and no criminal prosecutions. This is pathetic and an insult to Rule of Law and is really more like a protection racket by state and federal “regulators.” Bankers launder money, state and federal entities grab tiny piece of the profits,  the banks promise to do no evil yet admit little if any blame. Repeat as needed. Thus, by refusing to criminally prosecute, states and federal agencies are essentially complicit in and benefiting from the corruption. 

Top Japanese bank to pay $250M to NY regulators for laundering $100B, violating sanctions.

 

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