Dow
     +109.67
15179.85
+0.73%
|
     +12.31
1639.04
+0.76%
|
     +0.00
17086.11
+0.00
|
     +0.00
3452.13
+0.00
|
     +0.86
60.66
+1.44%
|
     +2.07
103.33
+2.04%
|
     -0.01
2.16
-0.55%

need to add title here

HSBC paying $1.9B in money laundering probe

December 11, 2012 9:49 AM

HSBC is paying a record $1.9 billion to settle a federal and state money laundering probe. The British bank was under investigation for allegedly transferring billions of dollars on behalf. Ashley Morrison reports on this and the latest financial news.

HSBC to pay $1.9B to settle money-laundering case
Add a Comment
by Tomasgolfer December 12, 2012 10:56 AM EST
By not prosecuting, it begs the question of how far reaching a real trial would have gone and who would have been exposed. Laundering money for drug cartels and terrorist organizations would make the bankers themselves members of terror organizations and members/partners of the drug cartels. Surely the intelligence agency's knew/know and are possibly involved. Perhaps a trial would expose payments to officials to ignore crimes.
Now, thanks to this decision, we'll never know.

What this decision does however, is verifies that the "war on terror" and the "war on drugs" are nothing more than a charade and a cash cow for the wealthy.
Reply to this comment
Scroll Left
Scroll Right More »