British banks handled vast sums of laundered Russian money https://t.co/c1h7Vz1LWu
— Ben Jacobs (@Bencjacobs) March 20, 2017
Among the banks cited are: RBS, HSBC, Citibank, and UBS.
This seems relevant. HSBC and some of the other banks cited are already being investigated under separate money laundering claims, and the banks by and large claim that they’re following the law.
Clearly, the laws aren’t sufficient - and here again Trump’s looking to gut regulation and oversight.
Hmmmm… this too seems relevant. No direct links to Trump in all this, but he’s signaled intentions to reduce restrictions and oversight on banking institutions.