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Originally Posted by Paslode
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And they aren't the only ones: http://www.reuters.com/article/2011/...7451Z120110506
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The Justice Department's money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers...
...The Justice Department probe is linked to bulk cash the bank received from money-changing firms in Mexico, the source said. The concern is that the bank may have handled money belonging to the Mexican drug cartels.
...The Justice Department was heavily criticized last August after reaching a deal to allow Barclays Bank to settle charges that it violated U.S. sanctions laws by forfeiting $298 million. While the federal judge overseeing the case ultimately approved the pact, he first dubbed it a "sweetheart deal" and questioned why the bank officials responsible were not held to account.
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"Crime is an extension of business through illegal means, politics is an extension of crime through *legal* means."
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