For some time, BSA violations have been addressed by regulators as a compliance shortcoming, or occasionally resolved through the use of deferred prosecution agreements pursuant to which the government agrees to dismiss the charges against a financial institution in exchange for the implementation of additional anti-money laundering measures, forfeiture of fees and an agreement in which the bank neither admits nor denies wrongdoing.
We will all be more secure if the federal courts recognize what the Edwards prosecution is really about and dismiss it before allowing this circus to go to trial and make a mockery of our federal legal system.