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Old 07-20-12, 05:10 AM   #1
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Default 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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Old 07-20-12, 07:33 AM   #2
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Default 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.
Old 07-20-12, 07:46 AM   #3
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Default Re: Global bank HSBC under fire for allowing Mexican cartels to launder money

Quote:
Originally Posted by Teniente
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.
Are you kidding? These same guys are among the largest campaign donors and freely distribute their contributions bribes along both sides of the political aisle. Not only do we not arrest them, we bail them out after their pyramid scheme collapsed a couple of years ago. Notice how the political gridlock in Washington was pushed aside for both sides to come together on that???

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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