AlohaDaveKennedy

Much of the whole premise of MS activity in the banks looking like ML activity and thereby being risky is TOTAL BS. If you take a close look into the ML activity the major banks were into in the cases where they got caught, none of it closely resembles MS-like activity. It would take centuries to launder the drug money that flows into Miami through MS-like activity. Which is why the feds wanted disclosure on the foreign buyers here paying all cash for high end properties. Have we learned nothing since the days of Capone's Palm Island Hideaway? Real estate is where you want to go to launder your money! For example, Bashar al-Assad's uncle was recently caught in Spain with 500 properties involved in money laundering.