Oh please! The fines are for disabling the controls that would have automatically flagged money laundering transactions. Source: the link OP posted.
Still, it is a mere slap on the wrist that is guaranteed to have no permanent repercussions to deter such behavior. It's a clusterfuck and I don't see a solution emerging without both the war on drugs ending and multi-year incarceration becoming mandatory for financial crimes.
Oh Please! Matt Taibbi is in no way a credible source.
> Disabling
Or alternatively, just not enabling tougher controls. There's no evidence, or indeed suggestion by prosecutors, that controls were deliberately set low to deliberatly faciliate money laundering.
Still, it is a mere slap on the wrist that is guaranteed to have no permanent repercussions to deter such behavior. It's a clusterfuck and I don't see a solution emerging without both the war on drugs ending and multi-year incarceration becoming mandatory for financial crimes.