Comment by throw101010

You think El Chapo had a lot of banking issues in practice? He went around most of these hurdles with and without the complicity of banks and governments.

HSBC's cash deposit tellers in Mexico were even reported to be wider to accommodate the larger cash deposits from the cartels [1]

The same people we put in charge of watching their own activites are the ones breaking the law, repeatedly... and the governments enable it by arguing that fines are "preferable" to real prosecutions and firm/long prison time for complicit bankers.

They are just taking their share on the illegal traffic revenues, like mob bosses do. No intent to stop them. And in the mean time all these AML hurdles hinder legal activites.

[1] https://www.theguardian.com/business/2012/dec/11/hsbc-fine-p...