Interesting the way these laws are written. Obviously with the intent that: If you, a person or corporation, are wealthy enough you can simply buy yourself out of almost any situation. HSBC bank have agreed to pay a record $1.92 billion 'fine' for basically money laundering involving terrorist organizations and drug cartels.
Here is the out: Prelim Code 18 USC §2339B - Providing material support or resources to designated foreign terrorist organizations, states: (a) Prohibited Activities.—
(1) Unlawful conduct.— Whoever knowingly provides material support or resources to a foreign terrorist organization, or attempts or conspires to do so, shall be fined under this title or imprisoned not more than 15 years, or both......
This is how the 'establishment' protects itself . If you are average citizen 'Joe', perhaps head up a charity that has inadvertently given money to a government designated terrorist organization and do not posses the funds to bail (read: bribe) yourself out of this type of situation with a fine then tough luck - it's jail for you.
$1.92 billion is about 2 months profit for HSBC - makes one think.
Thursday, December 13, 2012
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