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this post was submitted on 20 Oct 2024
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Explain Like I'm Five
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There's law firms that specialize in this sort of thing. If you remember the Panama Papers from a few years ago, those were internal documents from one of these firms. Banks don't catch on because they like making money and pretending its not happening is often more profitable than calling the cops.
Why would banks care? If they’re getting a cut they care, otherwise it’s someone else’s business. Usually it’s the tax authorities who would care.
Banks were the only ones still able to fuck people over en masse during the pandemic, and oh boy did they know it
"a few years ago" being 2016
..too old or too recent? I'd describe anything from 3 to 10 years ago that way
Doesn't have to be either. Someone just had a more specific number.