Austrian regulators fine Raiffeisen for money laundering lapses

reuters.com

4 Comments

The punishment, albeit minor compared to penalties that could be imposed

So just the cost of doing business.

I think that's a valid way to interpret it. Why would you not do it if the profits far surpass the fines?

Why do none of these courts have the ability to impose more progressive fines?

Not in the interest of those lobbying for lower fines