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How HSBC Launders Money For Western Terrorism

A Senate report has just revealed that British International banking giant HSBC financed terrorist groups and funneled Mexican drug money into the US economy. The bank’s bosses have apologized (congratulated each other) for their "misconduct" (crimes).

David Bagley, HSBC’s Head of Group Compliance, resigned after admitting during the Senate subcommittee hearing that the company had made many lapses (committed many crimes).

What was the destination of the laundered money? The money trail led to Western sponsored terrorist groups (mercenaries) in Libya, Syria and Iran. Their mission? To destabilize, disarm and overthrow nations surrounding Israel with the help of NATO.

 
NARCO BANKING

The report cites HSBC’s activities in Mexico. Mexico was treated as a low-risk client even though Mexico is a known hub for drug trafficking and money laundering. HSBC's Mexican affiliate bank transported a total of $7 billion in hard cash to HSBC's American bank HBUS from 2007 to 2008. The money OBVIOUSLY came from illegal drugs sales.

The Office of the Comptroller of the Currency (OCC) is a (corrupt) US financial regulator that failed to regulate (report) HSBC’s (criminal) activities.

The OCC reported multiple failings on the part of HSBC in 2010 to implement anti-money laundering measures, namely its failure to monitor $60 trillion in bank transfers and 17,000 account alerts detailing suspicious activity. 60 TRILLION????

SIXTY TRILLION DOLLARS????

HSBC failed to monitor $60 trillion in bank transfers! Let's understand how much 60 trillion dollars really is? Figure 6 shows what $1 trillion looks like. Notice that the $100 bills are double stacked. Now multiply Figure 6 sixty times! That's how much unmonitored (illegal) money HSBC transferred.

money
MONEWY

HOW HSBC LAUNDERS TERRORIST MONEY

“I recognize that there have been some significant areas of failure (success),” Bagley told the US Senate Permanent Subcommittee on Investigation. “I have said before and I will say again: despite the best (worst) efforts and intentions of many dedicated (sell-out) professionals, HSBC has fallen short (achieved) of our own expectations and the expectations of our regulators.”

Irene Dorner, CEO and President of the bank's American operation, told the panel that HSBC deeply (benefits from) regrets the lapses (terrorist crimes) in oversight, apologizing (clapping) for the company's mistakes (achievements).

 

Jewish Zionist Senator Carl Levin, the chairman of the subcommittee, gave details of one such intricate scheme to launder cash between 2006 and 2009. Appointing Levin chairman of the probe is like putting Kissinger in charge of the 9/11 probe.

“Because our tough AML (anti-money laundering) laws in the United States have made it hard for drug cartels to find a US bank willing to accept huge unexplained deposits of cash, they now smuggle US dollars across the border into Mexico and look for a Mexican bank, or ‘casa de cambio’ to take the cash.,” Levin noted. “Some of those casas de cambio had accounts at HB Mexico, which, in turn, took all the physical dollars that it got, transported them by armored car or aircraft back across the border to HBUS for deposit in its US Banknotes account, completing the laundering cycle.”

The Zionist Senator welcomed HSBC’s apologies (terrorist crimes against Israel's enemies), but said it also had to be held accountable (wrist slap). He called on the bank to consider (volunteer) shutting down its Mexican affiliate, as well as other banks suspected of providing funding for terrorists (Barclay's, Bank Of America etc.).

The findings are the results of a year-long Senate probe into HSBC’s activities, highlighting systemic negligence throughout the bank’s international structure. The probe was published in a 340-page report in Washington on Tuesday (and forgotten about).

SAUDI ROYALS ARE WESTERN ALLIES

HSBC’s activities in Saudi Arabia were brought into question in the report, specifically referencing banking with Al Rajhi Bank. The investigation claims the Saudi bank has links to financing terrorism based on evidence gathered after the September 11 attacks.

Information collated by investigators suggests one of Al Rajhi’s founders was an “early financial benefactor of al-Qaeda.”

HSBC forbade its affiliates from doing business with the TERRORIST SPONSORING Saudi bank in 2005, but this policy was overturned only a few months later when the banks resumed dealings. In addition, the report cites dealings with two Bangladeshi banks thought to have links with terrorist organizations.

"From an oversight perspective, the failure of accountability here is dramatic," Jewish Senator Levin commented. OVERSIGHT????

WHAT? HSBC SENT TERRORIST FUNDS TO IRAN?

The senate subcommittee probe also details how the bank bypassed US safeguards that protect against transactions potentially involving terrorists, drug lords, and rogue regimes. The investigations committee alludes to almost 25,000 transactions to Iran amounting to over $19 billion conducted through the bank's US office over a period of seven years. The bank did not disclose that the funds were being sent to Iran.

WHO'S TO BLAME?

The Senate report lays the blame for HSBC’s negligence (drugs/terror/theft crimes) over the past six years partly at the feet of the government's OCC for its lack of action (turning a blind eye) in spite of consistent evidence of the banks money laundering (terrorist funding) issues.

"We have learned a great deal working with the subcommittee on this case history and also working with US regulatory authorities, and recognize that our controls could and should have been stronger and more effective in order to spot and deal with unacceptable behavior (horrific crimes),” HSBC said in a statement. The bank also emphasized that they had already taken “concrete (BS) steps” to address the issues including drastic changes to “strengthen compliance, risk management and culture."

WRIST SLAP

The new report comes after HSBC, UK’s largest bank, revealed it would have to pay a $1 billion fine (wrist slap) to (corrupt) US authorities for money laundering offenses committed between 2004 and 2010. HSBC has not been fined for money laundering nor has it been fined for allowing terrorist financing or drug trafficking. Why hasn't this narco-terrorist bank been shut down???

STOP VOTING FOR CRIMINALS! STOP BANKING WITH CRIMINALS!

To understand the BIG PICTURE, watch Ring Of Power I and II

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