Mexico banking regulator says it repeatedly warned HSBC on money laundering

Wednesday, July 18th 2012 - 07:59 UTC

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Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts. Read full article

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DanyBerger
More and more Baking corruption everywhere, there is nothing that is not rotten in UK? or its just my impression?

“The Permanent Subcommittee on Investigations has scheduled a hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History,” on Tuesday, July 17, 2012, at 9:30 a.m., in Room 106 of the Dirksen Senate Office Building.”

Total amount involving Drug cartels and Saudi Arabia terrorist financing was 15 billions.

Yeap the guys from HSBS seem to don’t miss any chapter of the corruption manual.

Well, after all HSBC (Hong Kong and Shanghai Banking Company Limited) was founded by a Scot man and then pushed forward by the British crown in 1865 to deal with the huge cash flow coming from the opium trade.

None can say that there were not loyal to their first business plan. Ha ha

And then the Puritans Haters want to talk about corruption in Latam are they nuts?

Her Majestic MOB in full here
http://ep01.epimg.net/internacional/imagenes/2012/07/17/actualidad/1342508679_820810_1342547938_noticia_normal.jpg
Jul 18th, 2012 - 11:48 am - Link - Report abuse 0
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