To be sure, the court wrote that the executive, who oversaw a compliance team of roughly 20 people, knew that Falcon's anti-money laundering program was lacking in 1MDB transactions carried out by the bank.
On a macro level, we know that trust in business took a dive during the financial crisis ten years ago, and still hasn’t fully recovered.
The CMA describes itself as the UK's primary competition and consumer authority, with responsibility for carrying out investigations into, among other things, regulated industries, and enforcing competition and consumer law.
In consequence, the Swiss state – federal, cantonal and local authorities taken together – received more than 3.8 billion francs in extra tax payments.
This case also signals a shift away from bitcoin, which has more robust crime fighting tools, towards alternate cryptocurrencies, where criminals have more than 1,600 cryptocurrencies to choose from.