On the same day that the Tories announce mass deregulation of the finance industry? Classic. The greed and economic incompetence of the conservative party is astounding.
Just the cost of doing business. I’m sure they made more money ignoring the regulations by an order of magnitude.
If you launder cash as a low level bank employee you get prison.
If you sign off on laundering cash as a high level bank employee the bank is sent a service charge.
Naked criminality.
Is this connected to recent startups suddenly dealing in PPE and sending millions to tax havens?
These guys had been spamming a LOT of “join our accounts today” ads our way recently too. Guess we know why now.
I bank with santander corporate and they have been excellent EXCEPT for balls deep fraud checks on my basic business ( I make video games ) they froze our accounts multiple times, I couldn’t pay staff one month I had to repeatedly fill in documents that were nothing to do with my business activities at all. I had to get a chartered accountant to sign off that I’m legit. I met every deadline santander gave me and gave them everything they wanted. They continues to freeze my accounts until a actually flipped the table they then eventually said all was good. This was the sh*t they put me through as a small company and then it seems its actually ez game ez life for criminals at the top.
Great stuff.
Inevitable less than they made from this scandal, shock
[deleted]
Just wait until you hear how much money has been laundered through war.
Every Bank Ever: “iF yOu TaX oR rEgUlAtE uS, wE’Ll MoVe ElSeWhErE!”
Me: “Is the centre of the Sun an option?”
How many directors got sent to prison?
Oh. Thats awkward.
That’ll teach them…. Until people go to jail for such thing it’s just another way of saying “legal if you’re rich”.
I don’t doubt it merely represents an operating expense against the benefits they derived.
Brings into question their affiliation with Formula One.
A slap on the wrist, the cost of doing business. I guarantee you that the banks will continue to this kind of thing. As long as they get their bonuses, bankers don’t give a damn
15 comments
On the same day that the Tories announce mass deregulation of the finance industry? Classic. The greed and economic incompetence of the conservative party is astounding.
Just the cost of doing business. I’m sure they made more money ignoring the regulations by an order of magnitude.
If you launder cash as a low level bank employee you get prison.
If you sign off on laundering cash as a high level bank employee the bank is sent a service charge.
Naked criminality.
Is this connected to recent startups suddenly dealing in PPE and sending millions to tax havens?
These guys had been spamming a LOT of “join our accounts today” ads our way recently too. Guess we know why now.
I bank with santander corporate and they have been excellent EXCEPT for balls deep fraud checks on my basic business ( I make video games ) they froze our accounts multiple times, I couldn’t pay staff one month I had to repeatedly fill in documents that were nothing to do with my business activities at all. I had to get a chartered accountant to sign off that I’m legit. I met every deadline santander gave me and gave them everything they wanted. They continues to freeze my accounts until a actually flipped the table they then eventually said all was good. This was the sh*t they put me through as a small company and then it seems its actually ez game ez life for criminals at the top.
Great stuff.
Inevitable less than they made from this scandal, shock
[deleted]
Just wait until you hear how much money has been laundered through war.
Every Bank Ever: “iF yOu TaX oR rEgUlAtE uS, wE’Ll MoVe ElSeWhErE!”
Me: “Is the centre of the Sun an option?”
How many directors got sent to prison?
Oh. Thats awkward.
That’ll teach them…. Until people go to jail for such thing it’s just another way of saying “legal if you’re rich”.
I don’t doubt it merely represents an operating expense against the benefits they derived.
Brings into question their affiliation with Formula One.
A slap on the wrist, the cost of doing business. I guarantee you that the banks will continue to this kind of thing. As long as they get their bonuses, bankers don’t give a damn