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by worik·6y ago·view on hn ↗
How sweet! I, too am sure, they obeyed the spirit and letter of the law.

Even when the opportunity cost of doing so was in the billions...

1 comments
And honestly, what is a LEO going to do with a multi-million line report every day? About the only thing you can do is lobby parliament to have the laws changed citing these reports as evidence of a problem. Enforcement on foreign nationals is extremely difficult and expensive and the outcomes are very much in question, especially as the people doing very large scale money laundering are usually well connected with their local governments.
There aren't that many, only about 500k a year [0].

The software OP mentions probably flagged transactions internally to another team to review, any genuinely suspicious ones would have then had a SAR submitted.

[0] https://www.nationalcrimeagency.gov.uk/what-we-do/crime-thre...