I remembering reading about this way early on... and cast it aside as some false hyped up story.
Then I saw it being reported by high profile journals...
The biggest banks in the world are aiding terrorists and drug dealers do their work in the most crucial way: handling the financial end of things.
Isn't that just absolutely absurd? I don't know what to think at this point.
A key problem here is getting and maintaining attention by a significant majority of the population. Depressing information like this, coupled with the sense of powerlessness turns people off and relegates stories like this to the politically aware fringe of society.
The Daily Show and Colbert Report seem to have the right approach, but they are not enough.
I have an idea for a start-up that could do interesting things with this notion, but between time contraints and not having a partner in crime I fear it will never happen.
Even as a fairly politically-active person, I succumb to this exact sense of powerlessness. It's absolutely the key problem.
> I have an idea for a start-up that could do interesting things with this notion, but between time contraints and not having a partner in crime I fear it will never happen.
If you're comfortable sharing, I would love to hear it. It's a problem domain that really needs some attention and effort.
I'll send it to you directly for feedback, etc.
Essentially it's about using social media in a different fashion then currently done (i.e., social broadcasting), humor, mockery, ego, shame, titillation and story telling.
1999 "...clients, from Mexico, Nigeria, Pakistan and Gabon, whose sources of income were dubious and who passed millions through Citigroup banks." http://news.bbc.co.uk/2/hi/americas/511951.stm
2009 "Japan raps Citi for lax money laundering controls... bans Citi from retail banking promotions for a month... cites problems with governance, internal controls... Regulatory action follows similar violation in 2004" http://www.reuters.com/article/2009/06/26/citigroup-japan-id...
2012 "A US bank regulator cited Citigroup on Thursday for failing to comply with a federal law that requires banks to establish protections against money-laundering but did not impose a fine." http://www.nypost.com/p/news/business/us_regulator_cites_cit...