Nordic banks formed a watchdog group to identify their crooked customers who are #MoneyLaundering
This is how incremental changes change the landscape, Danske Bank, Swedbank, & 4 others funded the creation of a watchdog group in 2018
#ButNothingsHappening euronews.com/2019/05/10/nor…

They reached this agreement before any of the banks were charged & in response to the fact that they were being investigated. Essentially they formed this group to identify the money launderers so the banks could stop handling their money & notify law enforcement.

Of course, it is being slow rolled & will not be functioning until 2020. But then the group wants to start enrolling other banks to help find all the crooked customers. This is a major change, as in the past, the banks rarely had to turn over the #receipts.

In the past bank secrecy laws have prevented this kind of cooperation to identify the crooked customers. But those laws have been evolving over the past decades in response to pressure from US DOJ & other agencies. They are now finding ways to do it rather than a way around it.

It's almost like someone designed banking systems & regulations around the world to prevent the detection of #MoneyLaundering probably because they did! But the risk pendulum has swung the other way, the banks now feel safer handing over the receipts!