18-02-2015, 10:40 AM
Peter Osborne interviewed on the Beeb this morning said that HSBC pulled advertising from The Indy 3 weeks ago when it started it's ongoing investigation into the story.
And shelve tax dodging for the moment. This story now involves money laundering on arms trading and blood diamonds - and doubtless, HSBC's old standby of laundering drug money?
I remember watching the bank named as a standing money launderer - for a fee of 20% - in the TV series Homeland, where it was named as HLBC. Everyone in power knows what they do, but nobody in power will do anything about it. I wonder why?
Crookedness and illegality in banking is the new political acceptability. Maybe the prime minister should award them an enterprise award for business excellence?
And shelve tax dodging for the moment. This story now involves money laundering on arms trading and blood diamonds - and doubtless, HSBC's old standby of laundering drug money?
I remember watching the bank named as a standing money launderer - for a fee of 20% - in the TV series Homeland, where it was named as HLBC. Everyone in power knows what they do, but nobody in power will do anything about it. I wonder why?
Crookedness and illegality in banking is the new political acceptability. Maybe the prime minister should award them an enterprise award for business excellence?
Quote:HSBC: Swiss bank searched as officials launch money-laundering inquiry
Officials open investigation into suspected aggravated money laundering' and search bank's Geneva premises
HSBC private bank in Geneva, Switzerland. Photograph: Harold Cunningham/Getty ImagesStaff and agencies
Wednesday 18 February 2015 09.08 GMTLast modified on Wednesday 18 February 201509.31 GMT
Prosecutors in Geneva have announced a money-laundering investigation into the Swiss private banking subsidiary of HSBC.
Officials searched the bank's premises in the Swiss capital on Wednesday.
The investigation was launched in the wake of revelations that the bank turned a blind eye to illegal activities of arms dealers and traders in blood diamond traders while helping wealthy individuals evade taxes.
In a statement, Geneva prosecutors said they had opened an investigation into suspected aggravated money laundering against the subsidiary and against persons unknown.
Prosecutors said the investigation stemmed from "the recent published revelations" about the private bank.
More details soon...
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The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14