HSBC: The Money Laundering Scandal | Criminal Banks | Finance | Documentary
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- Опубликовано: 6 дек 2023
- 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: Jérôme 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 ‘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 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 ?"
- written by "heath-67" on IMDb.com
Also Known As (AKA):
(original title) Les gangsters de la finance
France Les gangsters de la finance
Germany Die Skandalbank
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You could do ten documentaries on this topic and nothing will ever change. The power class will protect itself at all costs.
This scandal has been covered 3 times🙄... especially my favorite bank👍🏼... For better financial funding you have #TDBank💳... 🌎💘💰
Corruption
If you steal $5 billion and have to pay only 450,000 back and no one gets arrested then you won
They didn't steal anything. They laundered money, the only victim of money laundering is the tax collector. As far as I'm concerned, good on them.
450k was transaction cost😂
Escape the matrix
Pay? Obviously you don’t realize Federal Reserve Notes (Notes as in PROMISSORY NOTE/BILL/DEBT) IS NOT MONEY. There has been NO MONEY since 1933.
You’ve never been PAID IN YOUR LIFE!!!
Unless you’re over 90 years old.
You cannot pay a DEBT with a DEBT NOTE 🤣🫢
Golden rule= if you steal all the gold you make the rules
HSBC has Umbrella Corporation vibes. This documentary was excellent, we need more documentaries like this.
the narrator fails to mention the CCP infuence over this bank
the canadian government had given millions to this shady institute
@@alexg9727 HSBC is a British bank that was founded to move drug money that British earn from selling opium and fortune that the western has robbed from China during Qing Dynasty. If you know modern history then you know that’s true
@@alexg9727funny because canada has a lot of chinese triad members which are also connected and controlled by the CCP
HSBC is playing it well, operating above the law like all big banks do.
Exactly sir!
And so what, gov and officials need those facilitators 😅😅😅
Why do politicians look the other way?
Gifts and donations!
Who buys this is the “only” institution doing this?!
9:58 For those, like myself, who don't know what the Panama Papers database is: (per Google's AI ) The Panama Papers database is a collection of 11.5 million documents that were leaked in 2016. The documents are encrypted and confidential, and include financial and attorney-client information for over 214,000 offshore entities. The documents are 40 years old and cover more than 200,000 companies in 21 tax havens, including Switzerland, Hong Kong, and Nevada.
The Panama Papers were the result of a data breach at Mossack Fonseca, the world's fourth-largest offshore law firm at the time. The German newspaper Süddeutsche Zeitung and the International Consortium of Investigative Journalists (ICIJ) have exposed the documents.
In 2007 I had an unsecured corporate credit line with HSBC for 200k USD. They didn't even require a personal guarantee which would have made me liable for the debt. I walked away from it in 2009.
They don’t need anything from you, just your signature on the T&C, that’s why it’s called an ‘unsecured’ credit line. It’s the same everywhere. They don’t need a guarantee. Once you default on the credit line, they can simply sue you for bankruptcy and the legal system will take everything you own to repay them.
@@nicholasgoh3526thats not
how bankruptcy works in america
@@vanlifebrokenarrow2150 I honestly believe bankers took notes from mobsters so they could make money the way they did but in a technical legal way. It’s modern day loan sharking.. If me or you were to loan out money and want %5-%10 interest it’s illegal while they hand out %25 - %35 like it’s candy and that’s ok.. Total scam lol
You dont secure an unsecured credit line with a personal guarantee, hence the name... 🤔
Duh
00:02 HSBC implicated in global money laundering scandals
04:32 HSBC's unique position in facilitating financial transactions between China and the Western world.
12:30 Hong Kong as a conduit for money laundering
15:54 HSBC is untouchable in Hong Kong
22:28 HSBC bank accused of money laundering for drug traffickers and evading US sanctions law.
25:50 HSBC's involvement in money laundering scandal and Senate hearings
31:04 HSBC avoided imprisonment due to its size and influence
33:48 HSBC's impunity in money laundering and lack of accountability
40:55 HSBC strategically extends its influence in China and rejects government assistance.
44:02 HSBC's success linked to Chinese money
50:35 HSBC helped wealthy clients evade taxes and launder money.
59:45 HSBC's influence guarantees complete impunity
1:05:55 HSBC faces reputational damage due to scandal
1:08:45 HSBC prioritizes self-regulation and global expansion over past scandals
1:16:58 China's push for financial world dominance and HSBC's role
1:20:43 HSBC's role in facilitating Chinese capital investment in London
This is the people that are calling another people criminal 🙄 😒
HSBC is in many countries, proves that there is dirty money flowing all across the globe. Maybe - it should not refer to it as dirty money. It’s lucrative for sure.
A very eye opening documentry, Thanks for producing this
I love how creative and original this is! 🤩
The government are only jealous that they can't get away with such blatant criminal activities 😂😂😂😂
They already do, that’s where you’re uninformed
@@VisibleMajorityThe government officials are the biggest crooks.I am in San Francisco. The elected people are all imbeciles or crooks or both.
Where have you been?
When it comes to governments they are thieves first politicians second.😅
When it comes to governments they are thieves first and politicians second 😅
When it comes to governments they are thieves first and politicians second 😅
Shame on the greedy London financial district's conduct of banking. Not only HSBC is doing this but all of them. An ordinary person is jailed for some banned drugs but the big league is untouchable!
Corruption should be legal and heavily taxed.
Thank you.
Don't you just love when these criminals laugh about how they are getting away with corruption and there's no way to stop them
I'm more interested in the documentary SWISS BANK 1887 -1965!!!!!???
This is crazy!
Excelente documentary
Imagine when you spend 500£ and HSBC freeze your card asking what are you buying. While these "clients" spend unlimited times more like another Monday.
Thanks!
Thank you.
I would love to work in this bank.
It will make you learn banking and financial politics
ALL THE MAJOR DUTCH BANKS PLAY THIS GAME AND THEY ARE "rewarded" with a "little slap on the wrist!" The Netherlands is a TAX HAVEN for the likes of the Rolling Stones and U2!!! Reality Check.
"The Dutch sandwich" as it's known
@@jakeblair4215 : Instead of cheese the sandwich has a filling of unbridled avarice, unfettered greed and is topped with a sauce of shamelessness!
Wao Very insightful
thanks, you liked it
And the company still exists comitting crimes every single day around the world
Nice👍👍👍
@1:50 the autogenerated subtitle incorrectly reads 'a variety of elicit activities'. It should be 'a variety of illicit activities.'
Banksters. That's all they are.
I loved the "we are specialised middleman for China"... Funny AF
But please someone explain to me this:
Why many banks in Switzerland, the ones we see aside the streets of Europe and the world as we pass to work a everyday deals with corrupted gouverments from different continents and still keeps the secret of those clients that also wash money from drugs export operations. Is that legal?
[HSBC were...] "naive."
That cracked me up.
Love hsbc, their credit card is top notch
Probably sitting at 28% apr 🤣
HSBC : Source of funds: no question ask?
Not the only bank doing it, still banks out there still doing it.
This is an advert for HSBC
Out of topic but what’s the name of the instrumental song @ 36:00 ?
Been trying to find it for a long time
This video is already up on this channel? It was published 3 months ago and is still visible on the channel, same title, description, etc
This video made me want to bank with HSBC. Gotta love that they kept looters (i mean tax collectors) from getting to take their money
maybe their stock is a buy
This is an interesting doc but a tone-deaf time to release it
Absolute power corrupts absolutely
They can afford to pay a small fine lol
so, HSBC now stands for "Hongkong Shanghai Bank of Criminals" ? 😂
Having invested in knowledge to see the two poles of knowledge one to attach the goods and detach ignorancy it may be termed or coined as criminal.
i took a lot of notes from this video. haha
Criminal banks is a term of ongoing redundancy
You know the game.
You play the game.
While singapore are money laundring center for Asia lot of china money was spin in singapore yet international community did not do anythinh
S'pore laundry not too big compare to HSBC. Seems HSBC made Swiss Bank losses all big customers all around the world. In the past this big laundry belong to western bank, now move to Asia Bank, definitely made western bankers dizzy...😂
Its all about losses big money for western, & fear HK become center bank of Asia (western couldnt predict Asia' money flow).
HSBC really helped me during Risky trade
Corruption on such a huge scale. Thank you for your hard work shining a light on the shadow money, the shadow players, the shadow system. Bitcoin will smash this over. Why? Decentralized network, open ledger, code is law.
Surely, they don’t control bitcoin XD is not like they have billions to buy it out and make it another asset to speculate. Wait, its already happening
From Terence Wise in UK........What about Citi Bank???.
Great HSBC...👍
By this kind report, surely HSBC 'll more&more famous. On past half century, Swiss Bank became favourite for laundry, &all western bankers enjoy it for long time...
Nowadays these bankers faces already confirmed Western Bank defeated by Asian Bank. Its all bout rivalry to get many big customers.😁
HSBC is a British bank that was founded to move drug money that British earn from selling opium and fortune that the western has robbed from China during Qing Dynasty. If you know modern history then you know that’s true
Interesting documentary. I agree. Corruption will never end. Rich will always rule the world.
They were designed to be the oppressors.
It’s not that surprising that “dirty” money is so intertwined in global economy that to derail or stop the flow of this dirty money would mean a huge negative impact on absolutely every person on this planet. There is no incentive for anyone to do anything about this.
Wow this documentary is great advertisement for this bank, in so many ways I wishi just hope the people who are in controll here have our the best of intensions
Now i know what international bank to put my money in thank you
Great documentary with some great insights, especially if you’re new to the topic. However, the language and tone used towards the end does come across as slightly biased
Of course London wouldn’t want the bank to fail bc they have so much invested in it being there the ones who created it
Proud to be a shareholder. 😅
39:02 song?
'Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Jane Street Group and Morgan Stanley round out the top three largest institutional shareholders of HSBC'
they owe me money !
Ada sebuah pengakuan atas kepemilikan jumlah uang apakah bank anda menyetujui nya
Those money launderers are most wanted thanks you so very much good bless you❤❤❤❤❤❤ Amazing person
Amen
We want our money back. How is that possible?
Does anyone know? Appreciate that!!
Change on the outside continuity on the inside KELSEY GRMER / BOSS S-1
Please bring HSBC to Ghana. I love a bank that keeps thieves(Gov Tax) away from your money by helping you evade them. FORK IMF and Nana addo NPP
Winner comment! I agree!
I mean, isn't obvious they ALL do the same??
This seems more of a how can the US take money from a foreign country
So in other words it's better to be rich and guilty than poor and innocent.
I keep thinking about that bank scene in Scarface.
Tony Montana, Bernie Madoff, Marc Deier and The Tyco boss.
It not just the drug cartel so you all can stop that.
It's businessmen, women and Grandma, i.e. Joanne Segovia, Doctors, Architects and even clergy.
25:40-25:50 she says "manages a sum of 3000 billion dollars."???? 😵💫🥴🧐
HSBC along with other large banks are all “in it” together with politicians and governments worldwide... except that HSBC had drawn the proverbial short straw to “take and face it” for the rest of the complicit corporates, politicians and governments. In short, this is a charade and you’ve “fallen for it” 😂😂
HSBC is own by United Kingdom not China.
GB didn't gain HK for 99 years. HK island was ceded for Perpetuity. Kowloon was leased for 99 years.
Margaret thatcher was weak !
And before HSBC, there was BCCI, BNL, Nugan Hand, a slew of S&Ls, ad nauseum ...
what's the difference with the swiss banks?
I have hsbc bank online transaction for 3 years a go i dont get this transaction at this time
I usually don't comment on the financial system, For humans to evolve we have to undergo the pain before we can see any benefits of this pain. So whatever happened and whoever was responsible, collectively we are responsible for these actions, and we need to acknowledge and then change from then on. Blame games are too late, with these backdoor deals we are going to hurt the planet and eventually hurt us. I pray for all beings on earth and ask the creator for forgiveness for all my mistakes I have done and all the mistakes we have collectively committed in the past. May the punishment be endured with patience and lets evolve as kind and empathic beings of the beautiful planet earth.. May the creator bless us with knowledge...
Investors should understand that China presence in Europe is being compared to king Philip II of Spain whom inherited Spanish Armada whom Chinese merchants and traders use for global trade. China looked like subjects of Europe.
Footnote: ING, AMRO, RABOBANK, et al are ALL Major Dutch players!!!!!
They Work for Swiss Banks,And Swiss Banks will pay for their work for the Swiss franc Hegemony!!!
Koumintang vs Marga Nasution war ekonomi
A wolf working with the government and a board member of HSBC???
Stupidly at the extreme 😂😂😂😂
Would have really enjoyed watching this but I'm not interested in switching back and forth from listening to reading subtitles
It is not a moral issue for companies and individuals to try to optimize their 45%+ tax load. It is immoral to charge taxes this high and then spend them all on illegal immigrants and welfare which disincentives people from even considering looking for some employment.
They got kicked out of Cayman Island
The UK let the Chinese participate in operating a Nuclear Power Plant on the English Coastline. Wow, What's next, a base?
as opposed to the western banks, that do the same things
Bitcoin is the answer
Did .. anyone go to prison .....
oh wait .....them
We have these banks in my country too does that mean that it is possible to launder money too, or would they just rob me seems like a shady bank how are they trusted to do business, they must have some powerful friends lol I want in. Too
Either lose there license or sell it pick which one.
The safety net is western integration. If you are integrated into western economy nobody will cancel your license. Thats the costly mistake the BCCI did... and well you know what happened with them.
Crooks.
love Hsbc no stops on crypto since they are owned by Chinese
They are about to loose there license. I had a little account with money in it to see if they would be so cheeky enough to expose Information or commit fraud, guess what they did? Guess what we recorded it.
hoy lomdres no tiene ningun poder en goncon los 50 agnos estan veniendo caduque
This documentary seems controversial. I think that all bankers and bank companies make this, not only HSBC... But is important show the true about the financial system
THOSE MONEY LAUNDERERS ARE MOST WANTED CRIMINALS
Too big to fail
cuando manifestava goncon rrapido china ponia goncon derecho