US regulators: To charge JP Morgan with failure to prevent money-laundering?

Image by scottchan / freedigitalphotos.net

“With charges from the OCC,
JP Morgan follows world major banks
Standard Chartered, Citigroup and HSBC,
suspected of money-laundering.”- RT

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America’s Narco-Industrial Complex: A History of Drug Deals?

1999: Encounter between New York Stock Exchange President Richard Grasso and Raul Reyes, Commander of Colombia’s FARC / El entonces presidente de la Bolsa de Nueva York, Richard Grasso, y el comandante de las FARC, Raúl Reyes se abrazan durante un encuentro en junio de 1999 / Image: iarnoticias.com (1)

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America’s Secret Deal with the Mexican Drug Cartels

By Tom Burghardt
Global Research

September 3, 2012

In a story which should have made front page headlines, Narco News investigative journalist Bill Conroy revealed that “A high-ranking Sinaloa narco-trafficking organization member’s claim that US officials have struck a deal with the leadership of the Mexican ‘cartel’ appears to be corroborated in large part by the statements of a Mexican diplomat in email correspondence made public recently by the nonprofit media group WikiLeaks.

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No criminal charges: US Justice Department to let drug-bank HSBC off with just a fine?

Image by Stuart Miles / freedigitalphotos.net *

Is Obama Justice Department planning to let drug-bank HSBC off
with just a fine, and no criminal charges?

LaRouchePAC
August 26, 2012

Two reports out today indicate that the U.S. Justice Department is cooking up a deal to let HSBC — which the world knows as the leading British drug bank — avoid criminal prosecution by paying a fine of at least $700 million and perhaps as large as $1 billion. Such a fine — no big deal for a bank of HSBC’s size — is a far cry from criminal prosecution and terminating the bank’s license to operate in the U.S., which the Senate Permanent Investigations Subcommittee report, issued in July, suggested should be done.

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Jim Willie: The crack between the Anglo-Saxon bankers is now apparent

Berlin Wall crack by Gorgalore  /  Wikimedia *

From Jim Willie(1)
News come from a Hat Trick Letter subscriber who works at BNParibas in London. He wrote in early August:

“US authorities now going after RBS and Standard Chartered for money laundering. Continue reading

LaRouchePAC: Time to shut down the Dope Banks!

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Time to Shut Down the Dope Banks!
by LaRouchePAC

The list of banks caught for money laundering in recent years is impressive. We can name quite a few off the tops of our heads—HSBC, Wachovia, Barclays, RBS’s and the Queen’s Coutts, ING, Lloyds TSB, Bank of America, Riggs, and American Express—and there are undoubtedly many more. Continue reading

Drug Trafficking, Financial System and the Narcotization of the Earth

Image: Erythroxylum coca by H. Zell / Wikimedia Commons

“The billions of dollars that the drug trade injects into the bankrupt financial system through money laundering has been used to recapitalize the financial sector. Continue reading

“HSBC still World’s biggest Dope bank”?

Former Hong Kong & Shanghai Bank – Nagasaki Branch (now Museum) / Wikimedia

“The Hongkong and Shanghai Banking Corporation (now HSBC) was the central bank for the British Empire’s Opium War and never stopped laundering drug money”

“The study makes clear that, while many other banks may be engaged in similar practices, it appears that HSBC facilitates money laundering on a global scale that vastly surpasses other banks.” – LaRouchePAC  (1)

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LaRouchePAC: HSBC under multiple investigations for Drug Money laundering

Image by Jeroen van Oostrom / freedigitalphotos.net *

“HSBC’s involvement in drug money laundering also has implications for the Obama administration. In December 2011 the New York Times reported on the Department of Justice’s involvement in drug money laundering. Immediately, the House Oversight and Government Reform Committee, which is investigating Operation Fast and Furious, announced that it was going to expand its investigation of gunwalking to the Mexican Sinaloa drug cartel to now include drug money laundering, but the Department of Justice refused to cooperate.”  LaRouchePAC

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Too Big to Jail?: Narco money laundering and the drug legalization Agenda

White Women in Opium Den, Chinatown, S. F. (ca. 1885-1895) / Wikimedia *

“It is fast becoming a well known fact, even common knowledge in the financial industry. The big US banks are heavily dependent upon narcotics money laundering from sale conducted by the protected USGovt agencies. The American citizens seem the last to know. Continue reading

Solving the drug problem by seizing the banks?

Money Laundering by scottchan / FreeDigitalPhotos.net *

“In March 2010, Wachovia was found guilty of having laundered at least $378 billion (yes, billion with a “b”) in drug money from 2004-07 for Mexican drug cartels, the same gangs that have wreaked murder and misery on much of Mexico, leaving more than 40,000 dead. Without money launderers, the big-time drug cartels cannot function.”

“Not one Wachovia executive spent a night or even an hour in jail, although the value of their crime was 1 billion times greater than the average street dealer.” LiberationNews.org.