![]() ![]() 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. According to the US Senate’s report, which investigated the matter, HSBC provided a “gateway for terrorists to gain access to U.S. Government, avoiding criminal prosecution of its executives, for helping to launder money for Mexican drug cartels as well as Al Qaeda. In 2012, HSBC, one of the world’s largest banks, settled with the U.S. An investigative reporting coalition recently released a report alleging a multi-billion dollar money laundering operation that has affected hundreds of banks and companies in 96 countries including the repeat offender, HSBC. ![]()
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