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by rosndo
1586 days ago
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> The bank not questioning the source of the money they deposit is the problem here How do you know that the bank isn’t questioning the source of money? In my experience these fancier banks tend to ask a whole lot of questions. > Vladmir Putin is free to open an personal account in any bank. However if he is depositing millions and billions and the bank is not questioning the source it has failed its responsibilities . Vladimir Putin could also have come up with paperwork showing that he got this money legally. If there are no obvious issues with the documentation provided, it’s simply not the banks problem. |
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How do you know they do ? The recent leaks, U.S. government position on Swiss banking laws and money laundering tells me they don't question too hard.
> In my experience these fancier banks tend to ask a whole lot of questions.
Are you High Net Worth Individual with 100's of millions of dollars in shady assets from a developing economy ? Otherwise your experience doesn't compare.
> Vladimir Putin could also have come up with paperwork
Vladimir Putin or any government official do not show the same sources of income and wealth in their home countries, if the income/ wealth declarations don't match to the money deposited the due diligence process is clearly not working.