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07-20-12, 05:10 AM | #1 |
Join Date: 07-13-09
Posts: 2,515
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Global bank HSBC under fire for allowing Mexican cartels to launder money
07/19/12 (by cmolzahn) According to a 335-page U.S. Senate report released July 16, Mexican drug cartels used the international bank HSBC to launder money through the United States. The report, titled*U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History*and released by the Senate Permanent Subcommittee on Investigations, claims that the bank … Read more
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07-20-12, 07:33 AM | #2 |
Join Date: 04-29-09
Location: Baja Country Club, Ensenada/Carson City, NV
Posts: 915
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Re: Global bank HSBC under fire for allowing Mexican cartels to launder money
And nobody goes to jail...........seize financial institution profits and assets and lock up some of these financial institution administrators and managers and see how quick the rules are followed. slapping people or businesses on the wrist won't do it.
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07-20-12, 07:46 AM | #3 | |
Status: Queso Grande
Join Date: 02-09-09
Location: San Quintin
Posts: 7,148
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Re: Global bank HSBC under fire for allowing Mexican cartels to launder money
Quote:
Banks on both sides of the border are heavily involved in the money laundering business - remember Wells Fargo? Even the Vatican Bank is dirty: http://www.belfasttelegraph.co.uk/ne...-16186806.html Drugs, guns and cash still move freely across the border and as long as such a high demand for illegal drugs continues, I don't see that changing any time soon.
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