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by marcusgarvey 3619 days ago
Oh wow, the Department of Justice actually went after someone at HSBC. Are they trying to compensate for a recent report that concludes it let HSBC skate on its criminal money laundering business because it was too big to jail?

http://www.marketwatch.com/story/house-committee-says-hsbc-w...

And for background on the blatant money laundering they enabled: >drug dealers would sometimes come to HSBC's Mexican branches and "deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows."

http://www.rollingstone.com/politics/news/outrageous-hsbc-se...

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Our now-thankfully-ex Chancellor George Osborne personally intervened to stop the prosecution: https://www.theguardian.com/business/2016/jul/11/hsbc-us-mon...

"Free to those who can afford it, very expensive for those who can't."