HSBC Scandal Hits: Exec Quits. Bank Aided Mexican Drug Lords, Rogue States and ‘Terrorists’
Re-blogged from the2012scenario.com
Stephen: Steve posted a preliminary story on this earlier this
week, but now the truths are pouring out – as the previously hidden
international banking and financial scandals keep being made public;
and will continue to be – until every illegal, manipulative and
divisive activity they have been involved in is exposed and they are
held accountable.
The Libor scandal is huge; this new scandal could well be even
bigger. Together they will likely affect every big bank; exposing the
dark ways in which the banks and their financial partners have been
operating: making big money for themselves and their owners – and
subsequently controlling all of us.
That control is visibly collapsing every day – and possibly even quicker! This is tangible proof of change. And when they say they are ‘sorry’ they are, because times have changed.
Stay tuned for much, much more to come. Don’t be shocked or
surprised; observe and bless it and understand that our new world is
unfolding with each new revelation.
HSBC ‘Sorry’ for Aiding Mexican Drugs Lords, Rogue States and Terrorists
Executive quits in front of US Senate as bank faces massive fines for
‘horrific’ lapses that resulted in laundering money for drugs cartels
and pariah states
By Dominic Rushe in New York, The Guardian, UK – 17 July 2012
http://www.guardian.co.uk/business/2012/jul/17/hsbc-executive-resigns-senate
Executives with Europe’s biggest bank, HSBC, were subjected to a
humiliating onslaught from US senators on Tuesday over revelations that
staff at its global subsidiaries laundered billions of dollars for drug
cartels, terrorists and pariah states.
Lawmakers hammered the British-based bank over the scandal, demanding
to know how and why its affiliates had exposed it to the proceeds of
drug trafficking and terrorist financing in a “pervasively polluted”
culture that persisted for years.
A report compiled for the committee detailed how HSBC’s subsidiaries
transported billions of dollars of cash in armoured vehicles, cleared
suspicious travellers’ cheques worth billions, and allowed Mexican drug
lords buy to planes with money laundered through Cayman Islands
accounts.
Other subsidiaries moved money from Iran, Syria and other countries
on US sanctions lists, and helped a Saudi bank linked to al-Qaida to
shift money to the US.
