How Prosecutors Utilize Laws Against Lying to U.S. Banks

Financial technology blogger Patrick McKenzie has written a recommended series in two parts (first, second) on the sorts of Know Your Customer (KYC) and anti‐​money‐​laundering programs under which “the financial system has been deputized to act as law enforcement.” One of his recurring themes is that these and related laws are “not straightforward in how they achieve their goals.” Read Full Article »