Translated: Make life as difficult as possible for the average citizen using the excuse of saving Thailand from the evils of money laundering. Essentially this creates so much financial fog that it clouds the mega transactions associate with those actually engaged in laundering money. Anyway, all those who launder money need to do is find a willing bank. Making every citizen prove that their meager deposits and withdrawals aren't "money laundering" just obfuscates the entire system and over-burdens the banks. From a Grok search: List bank that have been cited for money laundering in the last 20 years. Wachovia Bank (acquired by Wells Fargo): Laundered ~$378–380 billion linked to Mexican drug cartels (2004–2007); fined $160 million in 2010. HSBC: Facilitated laundering for drug cartels and sanctioned entities (~$881 million+ admitted); fined $1.9 billion in 2012; repeated issues in FinCEN Files (1999–2017 leaks). Danske Bank: Processed ~€200–234 billion in suspicious transactions via Estonian branch (2007–2015), mainly Russian/ex-Soviet funds; fined ~$2 billion+ in settlements. Deutsche Bank: Involved in Russian "mirror trades" (~$10 billion laundered) and other schemes; multiple fines (e.g., $630 million in 2017); flagged in FinCEN Files. Standard Chartered: Processed transactions breaching sanctions and with AML failures (hundreds of millions to billions); fined $1.1 billion in 2019 (cumulative). JPMorgan Chase: Moved funds tied to illicit activities (e.g., 1MDB-related, Venezuelan/Ukrainian corruption); flagged in FinCEN Files for large volumes. TD Bank: Major AML failures enabled hundreds of millions in laundering (including narcotics); pleaded guilty and fined ~$3 billion in 2024. Goldman Sachs: Facilitated 1MDB corruption/money laundering scheme; fined ~$2.9–7.2 billion (multi-jurisdiction) around 2020. BNP Paribas: Violated sanctions (processed billions for Sudan/Iran/Cuba); fined ~$8.9 billion in 2014. Swedbank: Processed ~$135–148 billion in suspicious Baltic transactions (overlapping with Danske); fined in multiple jurisdictions post-2019 revelations.
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