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 [...]
HSBC Bankers Get No Jail Time for Terrorist Financing While Somali Sentenced for Charity |
| By: Kevin Gosztola Sunday December 16, 2012 12:49 pm |


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