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Department of Justice Decriminalizes Banking With Terrorists

Last month the United States Department of Justice decriminalized money laundering.  Today Justice [sic] announced that trading with terrorists is now legal.  As with money laundering, you must be a bank in order to receive an exception from the law: WASHINGTON?Barclays Bank PLC has reached a $298 million agreement with U.S. and New York authorities to settle charges that it facilitated financial payments for parties and countries facing U.S. sanctions. According to court documents filed in federal court in Washington, Barclays will forfeit $149 million pursuant to an agreement with the U.S. Justice Department and another $149 million in a separate agreement with the New York County District Attorney's Office. According to court filings, for a roughly 11-year period until September 2006 Barclays facilitated and hid transactions for countries facing sanctions, including banks from Cuba, Iran, Libya, Sudan and Burma...continue to full post

Full post as published by Crime & Federalism on August 16, 2010 (boomark / email).