Banksters: HSBC’s Dirty Money | Corruption, Crime & Cartels (HSBC Investigation Documentary)

February 24, 2023 82 Views

DISPATCH 489 subscribers 11,873 views 17 Nov 2022 From the director of ‘Goldman Sachs: The Bank that Rules the World’ comes a major new investigation into corruption at one of the world’s top financial institutions – 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, “this bank had done everything bad that a bank can possibly do.” 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 HSBC’s executives hauled before a Senate committee. But George Osborne, UK’s 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 world’s financial and economic stability. The letter worked and HSBC was fined 2 billion euros. The equivalent of one month’s profits. As the centre 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? —— We have the stories that global corporations don’t want you to know. Our channel is home to award-winning investigations, current affairs and revealing documentaries that challenge unchecked global powers and give you the real, human stories behind the headlines. Want to understand more about our world? Want to delve beyond news headlines and understand global issues more deeply? Subscribe to DISPATCH for all this and more. Make sure to hit notifications to never miss a new release!

Categories
Uncategorized
Leave a comment

Your email address will not be published. Required fields are marked *

Related videos
JamTube Recent Posts
JamTube Recent Posts
Travel Guide to Sal, Cape Verde | TUI
Jamtube February 23, 2024
Simple Home-made Hydroponic Fodder Tray Making
Jamtube February 21, 2024
Installing The Hydroponic System
Jamtube February 21, 2024