a) HSBC buys house at 200k, sells at 250k, charges monthly and no interest payments.
b+c) HSBC buys home, "leases-to-own," and transfers ownership partially throughout, or at end
"Instead, the lender will focus its Islamic finance offering to customers in Malaysia and Saudi Arabia, and maintain a limited presence in Indonesia."
Let's say a client wanted to buy a billion worth of Tesla stock. HSBC could buy Tesla for themselves first, which would incidentally bid up price, then client buys and goes up more. Instant profit
Obama DoJ... launder billions for the worlds most dangerous people... no one goes to jail
Trump DoJ... banker commits crime, though less serious... goes to jail
(FSA = Financial service authority... british based)
He refused to give relevant documents to Congress who then had to subpoena the DoJ and it took 3 years to get them to see that Holder had been lying
Good thing the mainstream media told us about this! Oh wait...
Mexico didn't like it. Who cares? Their govt is like a lobby for drug cartels
What side is Mexican govt on???
America is a friend to Mexican people.
Media+Mexican govt wants to lie about that though.
PEP = politically exposed person. A politician, friend or family of a politician, who is susceptible to bribes, blackmail, political influence and so on.
PEP require higher vetting. HSBC gets around it by saying people aren't PEP
Bribery is widespread in the world so how can we compete? Trump says it's dumb
That was around the time of 9/11. When anti - money laundering was reinforced.
This was 20 years ago.
Now they move billions without batting an eye...
Bongo... one of the world's longest standing head of state, one of the world's richest men... and Gabon one of the highest infant mortality rates in the world
Mafia boss, Western President (WP) makes law, foreigner needs to submit to WP and give him money, then WP turns blind eye to banks laundering money.
"Family picture of Ali Bongo at the most expansive mansion in France, Pozzo di Borgo, bought by Gabon for more than 100 millions euros"
Communist. Sponsored by Moscow. Trades with China.
Life expectancy of 41 years? Wow
For me, this is a CONTRAST to recent HSBC activity.
What changed between 2000 and 2010 so that bank money laundering grew from 60 million to many billions?
That may be an order of magnitude more than they moved for Sinaloa
"organized crime" in Russia = govt = "former" communists
This is same time frame when HSBC hired Comey who used the Kremlin dossier to attack Trump + defend Hillary
UK didn't even figure out this scam. Moldova did. What are our clowny friends in the UK doing???
Russia sets up front companies in England. They sue each other in Moldova for big money. When a company loses, Russia sends money to Moldova, and it's then sent for court order to English bank.
Now it's laundered money ready to corrupt England
This is not rogue money gone missing from Russia. Otherwise Putin would work with West to stop it.
Russian govt is laundering this money to the west on purpose.
They use it to corrupt our politics.
And advance scum.
Why does the Russian government want to launder tens of billions of dollars to the West?
Oh yeah I remember, Hong Kong was the specialty of HSBC's last CEO Staurt Gulliver
"He officially lives in Hong Kong;"
Why is it always the US that has to stop these people? Can't Europe stop its own corruption ever?
It seems HSBC acts with impunity.
John Kerry: HSBC, do business with Iran!
HSBC: That's illegal in the US. WTF are you talking about?