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TD Bank fined $105K for 1000 North Korea sanctions violations

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by COINS NEWS 112 Views

TD Bank, N.A. agreed to pay approximately $105,000 as part of a settlement with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for “multiple sanctions compliance breakdowns” that contributed to more than 1,000 apparent violations of North Korean sanctions regulations.

The bank was further fined approximately $10,000 for 145 apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations, OFAC announced Dec. 23. The agency said the total settlement amount of approximately $115,000 reflected its determination the apparent violations in both matters were voluntarily self-disclosed and non-egregious.

And, Virgil Griffith got $100k fine and 5 years in prison for speaking at 1 Crypto conference in North Korea.

How is this a fair justice system where no one is above the law?

Banks and rich not only break rules they do it in a blatant way, mocking us common folks. This is infuriating.

Source

Edit: Point of the post for those who still don't get it; Virgil got caught and convicted accordingly for his crimes but TD Bank got a slap on the wrist for doing it over thousands of times. Why there's a difference in judgment with similar cases?

submitted by /u/irfiisme
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