At it again, and again and… - the FinCEN Files

Writing about banks’ approach to money laundering is all too often like living Bill Murray’s character in Groundhog Day [1]: you wake up, think, okay, that’s all in the past, an unhappy memory, price paid and it’s different today; but then no, wait a minute – here are the very same banks caught out shifting money for more bad people in yet another display of breathtaking disregard – contempt? – for regulation, if not the rule of law, those who enforce it and, by extension, the rest of us.