Corrupt Western banks

Dalrymple learns about the sharp practices of certain European banks as he takes the steps necessary to effect a simple transfer from his British bank to his French bank.

The sum was deducted immediately from my account in England without being credited to my account in France. It was not so credited for a period of ten days. And I had fondly thought that we lived in the age of instantaneous electronic transfer! How did the bank send the money? In centime pieces by carrier pigeon?

The motto of many French banks appears to be that

money paid in is clean, but money drawn out is laundered. By coincidence, the bureaucracy of withdrawal means that the money stays in the bank for a few days extra.

Dürer shows how errant bankers are best dealt with (woodcut, 1509/10)

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