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by ptah 2563 days ago
surely if a corporations are persons and they get convicted of money laundering then they should be incarcerated and not fined. for a corporation incarceration would mean shuttering the entire operation for the sentence period
2 comments

> Ms. McFadden, a former anti-money-laundering compliance officer at the bank, told The New York Times last month that she had flagged transactions involving Mr. Kushner’s family company in 2016, but that bank managers decided not to file the suspicious activity report she prepared. Some of her colleagues had similar experiences in 2017 involving transactions in the accounts of Mr. Trump’s legal entities, although it was not clear whether the F.B.I. was examining the bank’s handling of those transactions.

Perhaps we could start by jailing those directly involved in the money laundering? I find it hard to put too much blame on those trying to provide customer service to the President's family.

Deutsche bank employs tens of thousands of people, shutting them down would cause a lot of grief and miscarried justice.

The execs are the ones who should be tried and jailed.

So what I'm getting from what you are saying is that it would be a good deterrent to suspend the business for a few years?
No, it is punishing the wrong people, who would lose their jobs and who were not the ones responsible for the decision making.