re: #148 lawhawk
Senate Report: HSBC allowed money laundering that benefited terrorists and drug cartels.
HSBC admits to having lax oversight and has apologized, and it’s likely that HSBC will end up paying fines to settle the claims that they transferred billions of dollars from Mexican operations to the US; amounts that could only be the result of drug operations.
But it’s SOCIALISM to expect a bank to put aside profit making and look at the ethics of where the money came from and what it is being used for.
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