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HSBC launders drug cartel money in US Banks. The US government allows it. Here’s why….
Netflix documentary “Dirty Money”
Episode: Cartel Bank
HSBC (Hong Kong Shanghai Banking Corp)
2012 Deferred Prosecution Agreement
1.2B fine, 5 yrs “probation”
12/2017 charges dropped in Eastern NY court.
US Gov’t knowingly allows large banks to launder drug cartel & terrorist money.
US 2nd in illicit money flows, 2nd only to Switzerland (Wall Street on Parade article).
illict money flows – tax free haven for the rich, shell corporations, etc.
Overview –
WSJ Article: “A 2016 congressional report into the settlement found that Justice Department
officials overruled internal recommendations to pursue a criminal prosecution, in part to avoid
disrupting the global financial system. The DOJ at the time of the report said it was committed
to holding individuals and corporations responsible for their conduct.”
US gov’t did not pursue criminal prosection. Why? In part, to avoid disrupting the global financial system.
Resources:
Wall Street Journal (12/2017 article)
Narco Dollars for Dummies – “How the Money Works” in the Illicit Drug Trade by Catherin Austin Fitts
Debt Shepherd 2018, All Rights Reserved
