HSBC transfer funds suspicious of the most dangerous places
U.S. report stating that the H. S. Me. C deal with Iran and in drug money
Posted 17/07/2012 09:50 PM
WASHINGTON (Reuters) – A report by the U.S. Senate that the culture of “contaminated” with HSBC. S. Me. CNN allowed him to serve clients seeking to transfer funds suspicious of the most dangerous places and the most mysterious in the world, including Mexico, Iran, and the Cayman Islands, Saudi Arabia and Syria.
Although the problems of the bank senior British appeared to the world for nearly ten years but that the investigation conducted by the Senate revealed details of the broad scope of these problems at the bank and the Office of the Comptroller of the Currency, a watchdog U.S. report said she did not monitor the virus. S. Me. C as it should be.
Sen. Carl Levin, chairman of the Standing Committee of Investigation in the U.S. Senate “culture of H.. S. Me. C contaminated on a large scale for a long time.”
The report comes at a difficult time for the banking sector which is reeling because of an investigation by several countries on the manipulation of global interest rates. In the last month and approved British bank Barclays to pay a fine of $ 453 million to settle a U.S. investigation on the manipulation of British benchmark interest rate between banks in London (LIBOR).
The report said the virus. S. Me. C ignore the risks involved in working in countries such as Mexico, where rampant drug trade.
Between 2007 and 2008 transformed the bank’s operations in Mexico for seven billion dollars to the U.S. operations. He said the Senate report that Mexican and U.S. authorities warned the virus. S. Me. CNN that the funds can not reach this level only if it is linked to drug trafficking.
The investigation included the Senate also trading bank HSBC. S. Me. C in Saudi Arabia with Al Rajhi Bank, which the report said had links to terrorist financing. The report said the evidence of these links have emerged after the attacks of September 11, 2001 on the United States.