8 years ago
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HSBC avoided US money laundering charges because of 'market risk' fears
US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a "global financial disaster", a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil. The report alleges the UK "hampered" the probe and "influenced" the outcome. HSBC was accused of letting drug cartels use US banks to launder funds. The bank, which has its headquarters in London, paid...
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I can't even imagine what that must be like. To be so 'important' that you can violate the law at will and you aren't prosecuted because it would harm the economy. What a load of bullshit. If you actually believe this, you are a Lemming.