How Dirty Money Gets Into Banks

In the fallout of the 2008 financial crisis, the habits of Wall Street—and more broadly, the banking industry worldwide—became front and center in the media: From excessive risk taking, to rate rigging, and actively helping clients evade taxes. But how much has changed to curb the bad behaviors of banks since then? Stephen Platt, an expert on financial-crime prevention, argues that as the scandals keep coming, financial institutions continue to facilitate crime without much recourse.

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