Tag Archives: HSBC

How much drug money does a bank have to launder before we consider shutting them down?

Posted on March 7, 2013 by DRenegade

From YouTube: From Sen. Elizabeth Warren YouTube Channel 03/07/2013. Senator Elizabeth Warren’s Q&A at the March 7, 2013 Banking Committee hearing entitled “Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement.” Witnesses were: David Cohen, Under Secretary for Terrorism … Continue reading →

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HSBC Executive Resigns At Senate Money Laundering Hearing

Posted on July 17, 2012 by DRenegade

HSBC Holdings Plc (HSBA)’s head of group compliance, David Bagley, told a Senate hearing he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering. … Continue reading →

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Are the Mexican Drug Cartels Running Our Banks?

Posted on September 9, 2011 by DRenegade

Are Wachovia, Bank of America and Wells Fargo money laundering Mexican drug cartel money? This interview from Bloomberg is with Martin Woods who was the anti-money laundering officer for Wachovia. American Banks ‘High’ On Drug Money

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