This video from the USA says about itself:
HSBC Couldn’t Track $60 Trillion in Suspicious Activity?
15 December 2012
“Assistant Attorney General Lanny Breuer has failed at prosecuting financial crime, said Eliot Spitzer, former governor and attorney general of New York. “Lanny Breuer, who is the assistant in charge of the Criminal Division — horrendous,” Spitzer said on Current TV yesterday, a liberal cable channel where he hosts a talk show. “Should be gone tomorrow. The decision’s he’s made over and over — simply anathema to the appropriate execution of the law of this United States of America. I am outraged by these decisions.”
Spitzer, the former New York governor who made his name prosecuting Wall Street crime when he was the state’s attorney general, made his comments on The Young Turks, a Current TV show hosted by Cenk Uygur.”
HSBC was able to track Eliot Spitzer’s 3 deposits to a holding account for an escort service. But they couldn’t track $60 trillion in suspicious activity transfers from drug cartels and al-Qaeda that benefited them? Could it be because Spitzer was investigating the banks? Cenk Uygur breaks down the financial hypocrisy.
From daily News Line in Britain:
Tuesday, 12 December 2017
BILLIONS BEING LAUNDERED THROUGH THE CITY OF LONDON – NATIONALISE THE BANKS!
HOME SECRETARY Amber Rudd has warned that billions of pounds have been laundered through the City of London. She has plans for a new national economic crime centre, with the power to task the Serious Fraud Office to investigate the worst cases of fraud, money laundering and corruption.
The move is part of a revised anti-corruption strategy that targets ‘corrupt insiders’ in sectors including policing, prisons and border force, and pledges greater transparency over who owns and controls businesses to improve trust in Britain as a place to do business.
Rudd’s plan is in fact far too little too late! The foxes have run amok in the hen house for decades. The working class equates banking with robbery, after it had to endure generations of austerity to wipe out the debts of the bankers from the 2008 crash onwards.
On the same day that Rudd made her announcement, it was also announced that the HSBC bank no longer faces the threat of prosecution in the US over allegations of money laundering billions in drug money.
HSBC had signed a deferred prosecution agreement (DPA) – a form of probation – with the US Department of Justice in 2012 to avoid facing criminal charges for allegedly laundering hundreds of millions for Mexican drug barons, and acting as a conduit for ‘drug kingpins and rogue nations’.
HSBC says the DPA has now expired and the bank has paid US authorities a record $1.9bn (£1.42bn) settlement. All is now well, or is it? In mid-November it was announced that HSBC had agreed to pay £266m to French authorities to settle a long-running investigation into tax evasion by French clients.
The settlement between HSBC’s Swiss Private Bank and the French prosecutor, was the first such deal to be struck under new French rules introduced in 2016 to allow companies to settle without any finding of guilt.
Also in November 2017 Lord Peter Hain told Parliament he had asked the Treasury to refer an unnamed UK bank, that turned out to be HSBC, for investigation into possible involvement in money laundering on behalf of the Gupta family and South Africa’s President Zuma!
In a letter, seen by the BBC, he named HSBC and said it ignored a warning about large transfers of cash. The Guptas are alleged to have bought influence in government in order to loot state enterprises. Hain called for UK authorities to examine the role of British banks in the scandal!
The world banking system is criminal. It won’t reform. It doesn’t need a slap on the wrist and then rescue when it collapses, with working class living standards paying the price – it needs expropriation.
In fact the 2008 banking collapse is due to be replicated but on an even greater scale after trillions of additional debt, quantitative easing money, has been piled up worldwide. In line with this vast debt, there is now a new ‘imaginary would-be currency’ – the Bitcoin, a symbol on a computer screen masquerading as money.
This digital currency was launched on the CBOE Futures Exchange in Chicago at 23:00 GMT Sunday, allowing investors to gamble on whether Bitcoin prices will rise or fall. That casino move is expected to be followed next week by a listing on the rival Chicago Mercantile Exchange.
Investors can now gamble on Bitcoin rising or falling in price without actually owning them. Nobel Prize economist Joseph Stiglitz has accused their innovation of having no intrinsic value beyond supporting money laundering and tax avoidance. The big banks will be pleased!
It may become just what the bankers have ordered – just before the bubble of debt and fictitious value explodes, and a new massive crash takes place, for which the working class will be required to pay the full price!