Banks don't move dollars in crates overseas, transfers in USD are going through ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

Elhana on June 11, 2014 | parent | context | favorite | on: Microsoft fights U.S. warrant for customer e-mails...

Banks don't move dollars in crates overseas, transfers in USD are going through US banks: http://en.wikipedia.org/wiki/Correspondent_account

jessaustin on June 11, 2014 [–]

Hmmm, that seems to contradict the assertion that "not a single dollar went through the US". If this is the mechanism that BNP Paribas uses, they shouldn't be surprised they are subject to USA laws.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact