Elizabeth Warren: Bust banks that launder drug moneyQuicklink submitted by Sheila Samples Permalink
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|Sen. Elizabeth Warren on Thursday demanded answers from top banking regulators over the possibility of shuttering financial firms that flout federal anti-money laundering laws or violate international trade sanctions. 'If you're caught with an ounce of cocaine, the chances are good you go to jail. If you're caught repeatedly, you can go to jail for life,' Warren told regulators during a Senate Banking Committee hearing. 'Incidentally, if you launder nearly a billion dollars in drug money, your company pays a fine and you go home and sleep in your own bed at night.'|
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