• Rabobank: Similar Facts, Different Outcome-Signal of a New DOJ Approach?

    4 monthes ago - By Global Financial Integrity

    Yesterday's announcement of a guilty plea by Rabobank NA with corresponding penalty and forfeiture of $369 million did not immediately strike people as new or surprising. In fact, the pattern of anti-money laundering/Bank Secrecy Act violations was one that we have seen a number of times: a bank's branches on the U.S.-Mexico border turning a blind eye to obvious red flags for bulk cash smuggling, black market peso exchange, transaction structuring, suspicious wire transfers, etc., totaling in the hundreds of millions of dollars over a several year period. Wachovia , HSBC...
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