Use banks to catch state crooks
THERE was a time when some countries around the world, such as Switzerland, had banks that allowed people to maintain accounts without checking the credentials of the depositors.
This created a haven for crooks to transfer their ill-gotten gains to these banks.
When the four major banks closed the accounts of the controversial Gupta-owned company Oakbay, it is quite obvious this was due to shady transactions.
It is time for banks to divulge their clients’ information of people implicated in shady deals to the relevant authorities.
Only such harsh actions will ensure banks operate on ethical morals and bring an end to corruption.