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This is the Biggest News story - Tards
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HSBC: the Worldwide Local Bank . . . for Money Laundering and Rogue Nations.
HSBC also understood the subtleties of – and were, apparently, fully invested in – money laundering for drug kingpins and terror cells, while ignoring U.S. sanctions established against rogue nations. HSBC’s US unit managed to position the brand in this way by accepting $7 billion of dollars from Mexican drug cartels, conducting 25,000 Iranian transactions totaling over $19 billion in just one week, and helping Saudi banks with terror financing for groups like al-Qaeda.
Well, HSBC apologized for the incident, their group chief saying, “we accept responsibility for our past mistakes. . . are profoundly sorry for them.”
Oh, the banks signed a Deferred Prosecution Agreement for breaches of the Trading With the Enemy Act and the U.S. Bank Secrecy Act, so now they’re on probation.
[link to www.forbes.com]
Banks are immune!!
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