HSBC ‘Corporate Governance’ Corruption
Source: 21stcenturywire.com
When the Negotium essay, Long History of HSBC Money Laundering was written over two years ago, one might think that the Banksters would look to take a lower profile.
Forget about it, when you are part of a made criminal syndicate you never have to serve time, just say you are sorry.
Bloomberg reports, the “HSBC Holdings Plc Chief Executive Officer Stuart Gulliver offered “sincerest apologies” following fresh details of how the bank’s Swiss unit helped customers evade taxes.”
HSBC-Drugs-Terrorism
The Forbes column, ‘Corporate Governance Is The Very Essence Of A Business’ presents a half-hearted public relations spin from the notorious bank for Drugs Inc.
“As part of its response to the revelations HSBC said: “We acknowledge that the compliance culture and standards of due diligence in HSBC’s Swiss private bank, as well as the industry in general, were significantly lower than they are today. At the same time, HSBC was run in a more federated way than it is today and decisions were frequently taken at a country level.”
The most chilling feature of the laborious research into the HSBC files is the documentation of the knowing wrong-doing perpetrated by managers at various levels throughout the bank – and the flippancy with which it was undertaken. From ‘code names’ for clients to widespread collusion, it is clear there is complete contempt for the law.”
Arrogance in spades is how the world’s number two bank operates. Another example provided by Tom Heneghan, who professes to be an International Intelligence Expert, cites the following.
“Alibaba previously was de-listed on the Hong Kong Exchange for dealing in fraud with the Hong Kong branch of noted bank HSBC.
Alibaba is then simultaneously operating a foreign currency money laundry and ponzi scheme tied once again to HSBC.”
The bigger the money the greater the chance you have for just minor pin pricks and fines that are all part of the pay off cycle of international banking.
When it comes to inventing clandestine methods for money laundering, look to the masters in the City of London to perfect the art of double talk. The BBC account, HSBC whistleblower’s email to HMRC uncovered, states:
“An email which the whistleblower at the centre of an HSBC tax scandal says he sent to HM Revenue and Customs in 2008 has been uncovered by a French newspaper.
The UK tax authority has been under fire from MPs on the Public Accounts Committee, who accused tax officials of failing to deal with the matter adequately and ignoring Mr Falciani’s 2008 email.”
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Read the rest: 21stcenturywire.com
