No the bank employees are screened to ensure they have no criminal record on file as they are required to follow various regulations which have been set out by the bank.
So employees simply create dozens of accounts for various individuals, and the bank doesn't care...there is something very wrong here. This gives a popential for money laundering !!!
Oh LOOK what a surprise :))) I wonder why LOL
"TOKYO -- Japan's financial regulator ordered Citigroup Inc.'s Citibank Japan Ltd. to suspend all promotional sales activities in its retail-banking division for one month as punishment for lax compliance in preventing money laundering.
The suspension will start on July 15, the Financial Services Agency said Friday. The bank, however, is allowed to do business with customers who voluntarily contact the bank to purchase its..."
Further more when it comes to Banks:
The Security policy requires that individuals undergo a screening process if their duties or tasks necessitate access to sensitive information and assets. This applies to all positions and to all phases of the contracting process, and when an individual's duties or tasks require access to essential persons or installations critical to the national interest that are deemed to afford regular and consistent access to classified information and assets. Until the required checks are complete, individuals cannot be appointed to a position or have access to sensitive information and assets.
Otherwise it is the Bank that is Liable for anything their employees do that is criminal in nature!
AI
