According to the Financial Times, “Some of the world’s biggest banks have spent billions of dollars settling corruption allegations with justice authorities in recent years. HSBC paid nearly $2bn and BNP Paribas nearly $9bn to the US authorities over accusations of sanctions busting and facilitating money laundering.” More recently, Britain’s Standard Chartered was fined $1.1 billion for violating money laundering laws and economic sanctions. Fines have yet to be announced for Denmark’s Danske Bank over money laundering at its Estonian …
