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Day 8: 12 Days of Xmas Quiz
Generali
Posts: 36,411 Forumite
[FONT="]Which bank’s staff handbook contained handy information such as to how to evade financial sanctions applied to countries such as Sudan and Iran? [/FONT]
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The Co-operative Bank."Real knowledge is to know the extent of one's ignorance" - Confucius0
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The Great Vampire Squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money, or Citibank.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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hsbc
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Was it HSBC's private wealth arm in Switzerland?
Or am I thinking of them and Coutts getting caught at their Swiss branches assisting with Tax Evasion on an industrial scale?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
[FONT="]Which bank’s staff handbook contained handy information such as to how to evade financial sanctions applied to countries such as Sudan and Iran? [/FONT]
For people who pride themselves on how bright they are compared to the rest of us, putting such things in an official company document really wasn't that smart....I think....0 -
For people who pride themselves on how bright they are compared to the rest of us, putting such things in an official company document really wasn't that smart....
I agree.
British banks have far more elegant methods of breaking the law and US banks would be worried about being sued. So obviously a bank that is used to poor regulation. French, Greek, Spanish, or Italian?Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
It is a bank used to poor regulation in Europe but not in the countries mentioned. It's a country that has had more than its share of compliance scandals while lecturing everyone else.0
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Deutsche Bank? I seem to remember they were in on the LIBOR stuff."Real knowledge is to know the extent of one's ignorance" - Confucius0
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Barclays? ....0
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Deutsche Bank? I seem to remember they were in on the LIBOR stuff.
Deutsche Bank is on the (probably laundered) money.
Forbes did a very good piece on it:
http://www.forbes.com/sites/francescoppola/2015/11/07/deutsche-banks-recent-fine-for-breaking-sanctions-is-by-no-means-its-biggest-problem/0
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