Leaked HSBC Files Show Banking Giant Provided Services to Clients Tied to Arms Trafficking, Blood Diamonds

By: Monday February 9, 2015 11:10 am

Files from a whistleblower, which a major French newspaper obtained, show HSBC’s Swiss private bank offered services to clients, who the United Nations, court documents and media had singled out as having connections to arms trafficking, bribery and blood diamonds. The HSBC files span from 2005 to 2007. According to The Guardian, the files “amount [...]

HSBC Bankers Get No Jail Time for Terrorist Financing While Somali Sentenced for Charity

By: Sunday December 16, 2012 12:49 pm

This past week, the Justice Department announced that HSBC Bank had agreed to forfeit $1.256 billion and “enter a deferred prosecution agreement” for engaging in money laundering that involved the financing of drug cartels and groups with ties to terrorism. The agreement indicated there would be no criminal prosecution. Not one bank executive or lower-level [...]

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