Julian Buchanan

Home » uncategorised » HSBC Bank Fined (again) for Money Laundering

HSBC Bank Fined (again) for Money Laundering

See on Scoop.itDrugs, Society, Human Rights & Justice

Argentina’s financial crimes unit will fine the local branch of London-based bank HSBC some $1 million dollars for failing to report a money laundering case, as part of an investigation into the bank’s weak anti-money laundering controls.

Julian Buchanan‘s insight:

In the war on drugs people are sent to prison for growing their own cannabis, some for making money by selling cannabis ….yet banks like HSBC make millions from their involvemeny in illegal business and are then allowed to continue in business and be get away with a small fine (relative to income and profit).

See on www.insightcrime.org

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