3rd August 2012
See Also: (RussiaToday) – Video: Confirmed – HSBC financed the 9/11 attacks – Video Link Here
(DailyKos) – Follow up to HSBC Laundered Money For Drug Lords, Rogue States, and Terrorists.
HSBC’s boss said on Monday revelations of lax anti-money laundering controls had been “shameful and embarrassing” for Europe’s biggest bank, and may force it to pay out well over $2 billion for those flaws and in compensation for UK mis-selling.HSBC set aside $700 million to cover fines and other costs for an anti-money laundering scandal, after a U.S. Senate report criticised it this month for letting clients shift funds from dangerous and secretive countries, notably Mexico. Read the rest of this entry »