Radiant_Owl Posted March 27, 2017 Group: Advanced Member Followers: 2 Topic Count: 15 Topics Per Day: 0.01 Content Count: 299 Content Per Day: 0.12 Reputation: 178 Days Won: 0 Joined: 03/16/2017 Status: Offline Share Posted March 27, 2017 Quote In 2012, HSBC, one of the world’s largest banks, settled with the U.S. Government, avoiding criminal prosecution of its executives, for helping to launder money for Mexican drug cartels as well as Al Qaeda. According to the US Senate’s report, which investigated the matter, HSBC provided a “gateway for terrorists to gain access to U.S. dollars and the U.S. financial system.” Loretta Lynch, while serving as the U.S. District Attorney in NY, said HSBC engaged in a “sustained and systemic failure to guard against the corruption of our financial system by drug traffickers and other criminals and for evading U.S. sanctions law.” As a result of the criminal charges for money laundering and admitted guilt in four counts against the global banking firm — the megabank was let off with a slap on the wrist. “HSBC has agreed to forfeit 1.256 billion dollars, the largest forfeiture amount ever by a financial institution for a compliance failure,” Lynch stated. After US Refused To Charge Them For Laundering Terrorist Money, Megabanks Busted AGAIN March 24, 2017 Ever get the feeling that "Terrorists" is the keyword used to get the people to react in fear? While for the crony governments around the world including our own it's business as usual? Link to comment Share on other sites More sharing options...
1x1is1 Posted March 27, 2017 Group: Diamond Member Followers: 8 Topic Count: 2 Topics Per Day: 0.00 Content Count: 1,146 Content Per Day: 0.28 Reputation: 732 Days Won: 1 Joined: 10/30/2012 Status: Offline Birthday: 04/10/1950 Share Posted March 27, 2017 Why just a slap on the wrists? This was blood money. Link to comment Share on other sites More sharing options...
Recommended Posts