LogFAQs > #891634416

DB recently participated in a $10B money laundering scheme. They were caught and fined $600m.

http://money.cnn.com/2017/01/31/investing/deutsche-bank-us-fine-russia-money-laundering/index.html

Deutsche Bank said in a statement that it already has the latest U.S. and U.K. penalties covered in reserves it has set aside for legal bills.

This quotation tells you everything you need to know about the impact of fines for financial crimes.

If, instead, the company board--all of it--were sent to jail for the next decade...this wouldn't happen.

Deterrence doesn't work with violent crime because violent crimes are generally either crimes of passion or desperation. Those who commit them have little to lose and rarely consider risks.

With financial crime, extreme over-sentencing of the guilty likely would have a deterrence effect, as the impact of getting caught is planned around and factors in as an operating cost.
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.