Wired just
published an article about 'Dark Wallet', Bitcoin money laundering software conceived by Cody Wilson and Amir Taaki noting:
In a statement to WIRED, the Financial Crimes Enforcement Network wrote only that it’s “well aware of the many emerging technological efforts designed to subvert financial transparency.
It’s certainly our business to be interested and vigilant with respect to any activities that may assist money laundering and other financial crimes.”
Oh, okay! Well FinCEN should be very interested in the following Bloomberg story where no criminal charges for money laundering were ever brought:
http://www.bloomberg.com/news/2012-07-16/hsbc-aided-money-laundering-by-iran-drug-cartels-probe-shows.htmlHSBC Holdings Plc (HSBA)’s head of group compliance, David Bagley, told a Senate hearing he will step down amid claims the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering.
[HSBC] ignored links to terrorist financing ... documents show HSBC decided to cut ties with the bank before reversing itself under pressure from Al Rajhi, which received shipments of $1 billion in cash from HSBC’s U.S. operation from 2006 to 2010, according to the report.
Surely HSBC is within FinCEN's jurisdiction?
