[diggan]

> Banks are fined for not having processes for detecting money laundering. Not money laundering, mind it, just having "inadequate" processes. If such a process flags someone, that someone is blocked and they should provide "sufficient documents",

Isn't that how most compliance regulation works? You can't force companies to have a perfect record of preventing something, no matter how you structure things, so instead of trying to do so, you setup something that will at least preventing it somewhat. And then you fine the companies who don't do anything to prevent the issue.

[yeputons]

I'm not a lawyer, but I don't think so. For example, there is no penalty for not having an accountant on payroll. But there are some for not keeping adequate records. I suspect it's irrelevant whether you have a full-time accountant so your records are always in order, or if you do nothing all year and hire someone for a big overhaul each December and also every time authorities need something.