"Lax controls at HSBC allowed money laundering crime to" - HLN.be
The lax rules at Europe's biggest bank, HSBC, have made it possible that it was the last seven years of criminal money laundering Mexican drug cartels clarify with the U.S. Department of the bank. According to a study by the U.S. Senate. Through the bank also terrorist groups would be funded. "We're going to apologize, acknowledging mistakes and do everything we can to put right what went wrong," says the bank on its website.
According to Committee Chairman Carl Levin, HSBC has its U.S. subsidiary as a "gateway into the U.S. financial system" is used, while numerous laws ignored. "In these times of international terrorism, drug violence on our streets and organized crime, it is vital to the national security that the illegal flow of money, which makes these atrocities possible, stopped. Long time the company HSBC seriously polluted." Part of the blame for the laundering is according to the report by the U.S. financial regulator OCC. Although knowing that the bank has no anti-money clarify laundering procedures introduced, they took no further action against them. The report also pointed to the dubious activities of the bank in Saudi Arabia, especially the things that HSBC did with Al Rajhibank. According to the U.S. investigation that Saudi bank transfer to the financing of terrorism. Related In 2005, HSBC affiliates forbade her to do with Al Rajhi business, but that decision was made undone again a few months later. The past seven years, there were around 25,000 transactions took place in Iran, accounting clarify for $ 19 billion, despite U.S. sanctions. Tuesday afternoon were representatives of the bank to justify himself in the U.S. Senate. The report comes at a bad time for the financial industry. Another British bank, Barclays, is still under fire because it sjoemelde the interbank rates.
HLN.be clarify RSS (What is RSS?) HLN.be on Facebook HLN Newsletter Visit m.hln.be Smartphone HLN HLN as homepage in your favorites, please see the archive The last 48 hours contact HLN.be advertise vacancies HLN.be partner sites how to reach us? The newspaper contact the newspaper subscribe to the newspaper clarify during my vacation info about iPad subscriptions
The lax rules at Europe's biggest bank, HSBC, have made it possible that it was the last seven years of criminal money laundering Mexican drug cartels clarify with the U.S. Department of the bank. According to a study by the U.S. Senate. Through the bank also terrorist groups would be funded. "We're going to apologize, acknowledging mistakes and do everything we can to put right what went wrong," says the bank on its website.
According to Committee Chairman Carl Levin, HSBC has its U.S. subsidiary as a "gateway into the U.S. financial system" is used, while numerous laws ignored. "In these times of international terrorism, drug violence on our streets and organized crime, it is vital to the national security that the illegal flow of money, which makes these atrocities possible, stopped. Long time the company HSBC seriously polluted." Part of the blame for the laundering is according to the report by the U.S. financial regulator OCC. Although knowing that the bank has no anti-money clarify laundering procedures introduced, they took no further action against them. The report also pointed to the dubious activities of the bank in Saudi Arabia, especially the things that HSBC did with Al Rajhibank. According to the U.S. investigation that Saudi bank transfer to the financing of terrorism. Related In 2005, HSBC affiliates forbade her to do with Al Rajhi business, but that decision was made undone again a few months later. The past seven years, there were around 25,000 transactions took place in Iran, accounting clarify for $ 19 billion, despite U.S. sanctions. Tuesday afternoon were representatives of the bank to justify himself in the U.S. Senate. The report comes at a bad time for the financial industry. Another British bank, Barclays, is still under fire because it sjoemelde the interbank rates.
HLN.be clarify RSS (What is RSS?) HLN.be on Facebook HLN Newsletter Visit m.hln.be Smartphone HLN HLN as homepage in your favorites, please see the archive The last 48 hours contact HLN.be advertise vacancies HLN.be partner sites how to reach us? The newspaper contact the newspaper subscribe to the newspaper clarify during my vacation info about iPad subscriptions
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