(Reuters) - The Department of Justice is shifting its sights to a new offensive in combating money laundering: bringing criminal charges against banks and other financial institutions for weak compliance systems that fail to catch illicit money flows....
It requires a lot less manpower to combat marijuana businesses with warning letters and civil actions than it does to bring criminal prosecutions, Justice Department spokesman Thom Mrozek told Thomson Reuters. Read Post
Its been three years since major banks were bailed out and in that time Department of Justice officials have concluded that bringing criminal charges against financial executives may be futile, the Wall Street Journal reports. "Ther... Read Post