Global bank HSBC enabled money laundering from Mexican drug cartels, funneled money to Iranian organizations despite government sanctions against the country, and was used by Saudi Arabian banks with ties to terrorist organizations, according to a Senate committee report released Monday. The bank’s executives and its regulators at the Office of the Comptroller of the Currency “ignored warning signs and failed to stop the illegal behavior at many points between 2001 and 2010,” the New York Times reported
Of course arrests are imminent. I’m just not able to find that article right now…
(via fuckyeahdatsun)
10 months ago • 3 notes