"HSBC was to pay a $1.9 billion fine -- it's unlikely that Liberty Reserve would be able to come up with something of that order of magnitude"
That was for $60 Trillion in un-monitored transactions. The fine is very roughly ~ 1/32,000th of the total transaction dollars. Perhaps rather than shutting them down, the feds could fine them 1/32,000th of all of LR's un-monitored transaction?
This "break the law to make money and pay the fine later on" is just part of the revenue model now. Fines are not a deterrent (in fact I think they are more appropriately called "bribes"), they are considered like insurance, or rent, or banking fees. All just part of the cost of making the most profit possible.
That was for $60 Trillion in un-monitored transactions. The fine is very roughly ~ 1/32,000th of the total transaction dollars. Perhaps rather than shutting them down, the feds could fine them 1/32,000th of all of LR's un-monitored transaction?
This "break the law to make money and pay the fine later on" is just part of the revenue model now. Fines are not a deterrent (in fact I think they are more appropriately called "bribes"), they are considered like insurance, or rent, or banking fees. All just part of the cost of making the most profit possible.