We’ve just learned that the DoJ decided that secretly laundering hundreds of millions of drug cartel money through their banks globally will cost HSBC…$1.92 billion in a settlement that includes…no criminal prosecutions. But, oh, my stars, the folks at HSBC promise never to do such careless stuff again! Neil Barofsky says that there were also hundreds of millions of more dollars of illegally disguised transactions with ‘rogue’ nations such as Iran and Sudan.
Cost of Doing Business With Banks Funding Terrorists: Er…Not Much |
| By: wendydavis Saturday December 15, 2012 7:00 pm |


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