Money Laundering is a serious risk banks face, you only need to look at HSBC's recent debacles to see why.
It's not a risk, it's a business opportunity. At least it was for HSBC http://www.bbc.co.uk/news/business-18866018 . Joe Schmo from small Town, MN would have been a felon by now for doing the same with $10K. The fact that HSBC, other banks (NY Mellon Bank iirc too) and their execs got away with a "cost of doing business fine" shows what's wrong with the system
The HN hivemind thinks that corruption and elite deviance doesn't exist. Maybe we're trying to be different from the Reddit hivemind which sees a conspiracy under every rock.
It's not a risk, it's a business opportunity. At least it was for HSBC http://www.bbc.co.uk/news/business-18866018 . Joe Schmo from small Town, MN would have been a felon by now for doing the same with $10K. The fact that HSBC, other banks (NY Mellon Bank iirc too) and their execs got away with a "cost of doing business fine" shows what's wrong with the system