HSBC: The Money Laundering Scandal – If HSBC were a country, it would be the fifth world economic power.
Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world.
HSBC: The Money Laundering Scandal (2017) Director: Jerome Fritel, Marc Roche Writers: JΓ©rΓ΄me Fritel, Marc Roche Stars: Douglas Arner, Jack Blum, Lanny Breuer Genre: Documentary Country: France Language: English Also Known As: Banksters Synopsis: From the director of βGoldman Sachs: The Bank that Rules the Worldβ comes a major new investigation into corruption at one of the worldβs top financial institutions β HSBC. If HSBC were a country, it would be the fifth world economic power.
Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world. From tax evasion to money laundering for the mafia and manipulation of currency, βthis bank had done everything bad that a bank can possibly do.β In 2012, HSBC nearly lost its license to operate in the US for laundering the money of the Mexican and Columbian drug cartels. Criminal charges were filed and HSBCβs executives hauled before a Senate committee. But George Osborne, UKβs then Chancellor of the Exchequer, wrote to his counterpart in America and to the Chairman of the Federal Reserve to plead for leniency.
He claimed that if HSBC received a harsh punishment, it would have serious repercussions on the worldβs financial and economic stability. The letter worked and HSBC was fined 2 billion euros. The equivalent of one monthβs profits. As the center of international finance moves to Asia, HSBC is in prime position. It is the most Chinese of Western banks and the most European of Chinese banks. Protected by London, blessed by Beijing, who would dare attack it? Reviews: “Quite French in some parts, but universal in it’s worry.
A history of one of the main corrupt entities in a global corrupt financial system between the British and the Chinese. Do you want to get upset about any fees and penalties your bank issues you for being a week late in payment (when you explicitly have the funds in another account of yours to counter that fee?) Watch this!! It’s the basic story began years and years ago to take power and financial freedom from the little guy, and protect the big guy. Above the law, no repercussions Governments protecting banks. Why is the judicial system protecting this ?
Also Known As (AKA): (original title) Les gangsters de la finance France Les gangsters de la finance Germany Die Skandalbank
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