Thanks to Chris Skinner's excellent "Things worth reading" highlights on the Financial Services Club for bringing this article to my attention.
US Attitude to UK Bank's
IMHO, the Telegraph just doesn't go far enough in explaining the threat to UK firms and individuals posed by a unique combination of appallingly unbalanced extradition law, poor regulation and the poor reputation of major banks. I would also point out that, in my view, that the UK banks do not appear to have taken their financial crime prevention responsibilities terribly seriously. Well until it comes to shovelling all the responsibility for foiling all organised crime onto the individual!
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