HSBC: The Money Laundering Scandal | Shady Business
HTML-код
- Опубликовано: 11 окт 2024
- 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
MORE DOCS!
► Gold: bit.ly/2IRZ0OA
► World Economy: bit.ly/36QlhEM
► All Playlists: bit.ly/3lOiCll
#laundering #money #documentary
COPYRIGHT: All of the films published by us are legally licensed. We have acquired the rights (at least for specific territories) from the rightholders by contract. If you have questions please send an email to: info[at]moconomy.tv, Moconomy GmbH, www.moconomy.tv.
As a professional money launderer, I'm worried about where the world is heading to
It definitely isn't heading towards honesty or morality, so you are good.
Ai.
Yeah. You got to worry because sooner or later you will lose your job as professional money launderer because AI will take over to do the launder instead of human. Maybe you got to learn new skill such as professional pickpocketters or professional roadside beggars😂😂😂😂😂😂
A👁️
not sure you are entitled to the right to "have feelings about it..." You should probably be in jail.
One of the best documentaries I’ve seen in recent years.. great job 👏
I love banking with HSBC. Very helpful staff. Good to know if things go bad, and I am on the wrong side of the law, HSBC got my back☺️👍
😅
that's hilarious.
You think any bank has your back? Nice to live in your world.
Same reason why I picked them when I moved to Dubai 😂
They’ll just wash your problems away.
As a hitman, this is exactly why I bank with HSBC. I turn up with large amounts of blood soak money, and they ask few questions.
Chinese bank
@@0401412740HSBC was set up By The British during the opium war to do all the business transactions. As such hsbc was heavily involved in drug in their past.
L,fao
What are the few questions that they ask? Just curious! 😂 Perhaps; Is this blood or ketchup?
Clearly never onboarded with HSBC as a client. They ask literally an hour of completely moronic questions. I wonder if they even listen to the answers as long as you don't make some kind of egregious admission.
it's incredible to think that these banks are involved in such high levels of corruption.. it's like who can you even trust these days??
Nobody in positions of power because the good guys get removed and replaced
HSBC is not the only bank that does this.
Who else does it?
Too many to name do your research
Because he doesn't know😂
even if it is true, it does not justify what they do.
Swiss accounts ring a bell?
The problem is these international banks are so large no one has any ultimate control on what they are doing both within and outside of these organisations. Too big to fail and too big to control!
Banks are above Government and Regulation. Criminal Syndicate.
I find it very interesting. I worked for Terex Corporation for over 13 years, and they would pride themselves on transparency, doing the right thing, moral obligations, and all that, but they switched to HSBC after all the trouble that they had gotten into. Then, a few years after the switch, they started shutting plants down, eliminating jobs and shipping work to Mexico.
Laundering?? What the hell FOR when it flows like water all behind the scenes tho seems the govt knows every penny we get & spend??
"HSBC was not necessarily created by opium traders but was created by traders who happen to be involved in opium." 😮
The sky is not blue, it's light blue
Blue is the sky😂
💅 Nailed It¡!!!!!!!😅😮😅🎉🎉🎉🎉
They’re not drug farmers, they’re agricultural experts!
That right, opium traders has no banks to deposit because its ilegal in Hongkong, thats why they created it after opium war when British rules Hongkong of China for 💯 yrs
It’s the same old routine, but it never gets old
Same in most countries. Good doc video on mass gold laundering in Africa. In Canada it’s thru casinos and real estate. The US well you know.
Our man from Hong Kong. The real reason the UK was not happy that their 99 year lease had come to an end.
HSBC The Hong Kong and Shanghai Banking Corporation would be exposed to Chinese and International scrutiny. The UK's Spiders Web of illegal trading and money laundering had lost its safe house. from the City of London, to the Cayman Islands, Singapore and more.
Abolishing cash will not stop money laundering or crime, because the biggest criminals are entrenched in the establishment and halls of power.
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.
@@wallychan2816can we talk?
Do you think decentralised currencies such as Bitcoin could solve the problem?
Thank you. Eliminating cash only impacts regular people.
@@baibhav11heck no
Now try to put a few thousand cash on your bank account and you’ll be under investigation for money laundering. One rule for them, another for everyone else.
HSBC: "We understand China and we do banking like the British!"
You sure it’s British?Just because the head quarter is in UK.
@wallychan2816 British are the root cause of 100% of world problems. So we are not just sure, but we believe it's British
@@wallychan2816it is just a saying, showing how HSBC positioning themself since colonial time, and it continue until today. Like the guy said. The most Western bank for Chinese = The most Chinese bank for Westerner.
@@wallychan2816The Hongkong and Shanghai Banking Corporation
@@johnsonjohnson3122not Chinese bank at all. Chinese usually use their own banks
as long as politicians and crimes exist. banks will launder money.
Wikipedia: "After the British established Hong Kong as a crown colony in the aftermath of the First Opium War, merchants from other parts of the British Empire, now in Hong Kong, felt the need for a bank to finance the growing trade, through Hong Kong and sometimes also through Shanghai, between China and India, the rest of the British Empire and Europe, of goods, produces and merchandises of all kinds, but especially opium, cultivated in or transited (re-exported) through the Raj."
Knowing the history of that entity, let say I won't use that bank in a near future. Let's not forget the Brits used to terrorize the Chinese to force them to take in these opioid drugs. I wonder how many families were destroyed because of these predators.
And, some thesis show the aftermath of opium use is reflected on the numbers of Southern Chinese mentally ill patients. It goes on from generation to generation. What's new about colonialism effects???
President Roosevelt's grandfather made his fortune from the opium trade .... 🤔
please do a search about "Opium War"
Now: 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.
What a masterpiece, it's so full of information. 'Thank you' would be so small for you. Just mind blowing ❤
Yeah, the only lie in this video is that democrat politicians are trying to eliminate this problem. Complete lie!!! Follow history and you will see truth!!!
If I had lots of money, HSBC would be the first bank I would engage.
Deutsche Bank, Wells Fargo too provides excellent laundering services. Both have paid their fines and are good to continue providing this service.
I bank with HSBC Australia. They offered me a prerty competitive home loan rate, plus a $3300 bonus to switch, plus they have other benefits.
They are corrupt but our Big 4 Banks aren't much better.
The British pioneered tax evasion......just look at jersey, guernsey (famous for captive insurance), the isle of man, grand cayman (off shore funds), bermuda ( off shore insurance) and to a lesser extent seychelles and malta all encouraged to stand on their own economic feet and not be reliant on the UK Exchequer. David mccabe chartered accountant dublin ireland
City of London has a permanent MP who sits in the house whose sole job is to inform the banks and royalty. Terrible soul sucking capilisitic legal money laundering from the colonists days
You can see how cynical the people interviewed and worked directly and indirectly for that corrupt bank.
Yes. That Cha woman is deadly corrupt, not blind.
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 have holding in Florida near the Miami dade area
Curious, how many US politicians have accounts there and had accounts there?
And how many Supreme Court Justices of the Red variety?
HSBC is also a high street bank so could be many xd
Most likely all of them
@@arkanterian4663 😂👍… ALL … that’s probably the real deal.
Clinton foundation
I watch these types of documentaries to get ideas. Thank you
If you put all midlevel and top management in jail for 30 years this money laundering will stop.
It’ll just get more expensive.
I dont know what the fuss is about, the British primary setup HSBC to do exactly this...
America not getting cut
Since becoming a super-villain HSBC has turned out to be fantastic.... They take my dirty money, no questions.... and even finance some of my more sinister and expensive schemes..... 5 Stars....Gru.
This Documentary is old.... Any deposits $10,000.00 + has to fill up a government form. And there are no sinister, expensive schemes than government account holders (my opinion) Yea, I drop a $20 bill, they took it and deposited. No Questions ask.
Really? U.S. has become the new heaven of financial crime these days. One of the slowest in implementing AML laws and quickest in setting up state trust schemes.
@@VividJewelActually Canada is known as the best country in the world for money laundering. It's on such a scale that it has ruined our real estate market throughout our country.
too big to prosecute, exactly it is!! this world always works for powerful people, who benefit from dirty systems.
exactly.. when everyone has a piece of the pie who cares for those unhappy.
Thats True how is that president can be prosecuted but not
These parasite scumbags how ironic
Bro if a bailable offense wont stop me and still i get profit after paying repeat is the key
The Incredible Hulk banks with HSBC... don't make HSBC angry. You wouldn't like it when HSBC is angry.
How old are you? 😂
As a druglord i love hsbc's servive. No questions, no issues.
😅
They wallstreet 2.0
Laws are only for
common Americans.
There is no law for big
corporates.
Impossible to keep drug money out of any banking system anywhere including the USA . There’s always going to be a banker for anyone with vast sums of dirty money . This is the chance they take accepting the cash .
You can always stuff your excess cash you don't want on the books in the walls of your home like Pablo Escobar or creepy preacher Joel Osteen did. Also provides good insulation. No bank or accounting fees either. Saves you a trip to the bank.
even as a young 20 year old undergrad business student from an impoverished neighborhood in LA, I knew these guys were gangsters. No better than the dudes I grew up. I could smell it.
parking ticket fines = 2 billion dollars
Common on! Which bank is not guilty of this?
If they would've let them collapse it would send a message to all crooks. Unfortunately, they won't because they're in on it too!
For countries that mainly produce illegal drugs how else can they bank?
HSBC, BCA, Bank of China, Swiss Bank, you name it.
Great job 👏
I laundered so much money I have just run out of detergent
9 out of ten ppl with millions in dirty money launder it at HSBC
Every Bank is the same!! They all doing it
and who won't if there is a way
16:25 !!! HSBC also printing and issuing the HK's dollars !
Nice work hsbc, doing your bit to also enable funding for global human trafficking (ie sound of freedom) and also rinsing trillions thru realestate worldwide thus over inflating housing/property values. A real pillar of society
This bank should Not be allowed to do any business in North America and Europe.
HSBC: we launder money better than anyone.
HSBC:
Headquarters of
Scammer
Banking
Corporation
How much more do I have to take before it’s stopped?!
I received a letter not that long ago that HSBC didn't want my accounts for being under $5M and that unless I made arrangements they would transfer all my accounts to Citizens. Oh well. Maybe this is why.
maybe you should just keep you $1.50 in a piggy bank for now. BTW Most Banks are cover by government Insurance of only around $150,000,00 per account under same name. In other word you'll get around $150,000.00 if ever the bank goes under. The real wealthy people diversify assets. And no your money don't wait for you inside the bank vault. Oh Sorry, maybe you are a real lawyer, would know better than I
Guess what the two lions outside HSBC building called? Money & Laundering
As a druglord i love hsbc's servive. No questions, no issues.. Corporate corruption knows no geographical bounds..
Fix your grammar child.
Strongly agree that HSBC should close down the business. The Group processes lot of suspicious transactions, however, HKMA (HK regator), HK police and JFIU took no prosecution of any staff working at the bank. The HSBC Group processes lot of transactions of layering accounts and making Fraud is a serious problem in HK now. Compliance staff at banks have no excuse of not having AML knowledge but to process suspicious transactions, it is wilful blindness and avoidance of knowledge.
How many times does hsbc need to get caught before something actually happens?
Why would anything change? You think the government doesn't know? Entities like this need to exist.
Where would all the Royals hide their tax-free money?
Accountability is a necessity or crisis will keep emerging becoming ever worse. Bailouts and leniancy has to stop and any implications has to be dealt with as they arise no matter how severe. The people at the top especially in the Judicial system has to recognize this or go !
Wow they had a huge stadium and corporate building in downtown Buffalo NY 😮
The whole time….
Wake up dude, should see their buildings PS 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.
*HSBC* is (or was) _The World’s largest Bank._
Not Asking were the money comes from, facilitating money laundering, and creating off shore shell companies to hide hard-earned money and even tax evasion is paradise.
Таке враження, що всі крадуни..
Started with drug money and laundered drug money.
Ви нічого не зробите проти нас в інтернеті і в Україні і в інших країнах світу Європи від мене особисто Дякую за увагу за ефір
Well, damn the lid is blown off. I am in shock to believe this kind of stuff can happen. Amazing amazing documentary.💯💯
Now go to Bahamas and virgin island and find out what they do
My interest account was closed with little notice as per their discretion. The reason really being they weren’t getting any money from me. A bank that acts that way is just sketchy.
They did the same to me. Lying, thieving, no good scoundrels.
They want the Big Boys with suitcases full of cash.
Not many rich Chinese who haven't been locked up by the CCP or restricted. I wonder how the current market deflation in China will effect this bank? I owed HSBC 180k on an unsecured line of credit with no personal guarantee. When I dissolved my legal entity, I walked away. US Corporate law allows it and HSBC was so greedy they forgot to ask for the personal guarantee.
HSBC is just world hub to interlink money flows for a fee between Governments, Businesses, and Criminals. There has always been protected institutions like HSBC in commerce history to maintain the status que.
When the guy gave his handing over of the bank speech, who was the female sobbing like she was at a funeral? What was her malfunction?
We all know who is really behind HSBC. Intelligence services use as well HSBC for their operations like other offshore organizations. Not everything is approved by the Congress and the government. Money is very fluid and institutions like the HSBCs are created to facilitate their use. If you are a regular taxpayer, you would be part of the 99.9% of the world that obeys its rules and laws. Unfortunately, the rules are only made for the same 99.9% and NOT 0.01%. This is reality and nothing could change it.
like mission impossible stuff ?
Do you honestly believe any back is honest and or not involved w/something?
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.
How the government use the taxes properly
Government and the word properly can only fool cave man living in stone age
In the early 1990s i visited luxembourg on a day when the banks were open but a day which was a public holiday in Germany. Every parking space was occupied by German registered cars, all posh restaurants were full....it was the first time i saw money laundering in practice as German residents deposited their savings outside the eyes of the German tax authorites. David Mccabe chartered accountant Dublin Ireland
WOW😮😢😢
You don't blame them though, why should you pay taxes to a government who themselves are corrupt and misusing the money.
Maybe the germans went out for a drive to get some Schnitzel and took a wrong turn, got lost and stopped in Luxembourg to check the map
Seriously how the world goes round 🤬
I’m sure HSBC isn’t the only bank who’s involved in money laundering.
Crime pays, indeed.
It should be renamed Bank of Canada
Our economy and housing market in Canada would collapse if it weren't for all the laundered money coming in.
This is the bank the Royal Bank of Canada RBC wants to buy?
Thank you for the insights!!
After 25 years on Wall Street and 5 in anti-money laundering. I found something so big. I am now assistant manager at Jack in the Box🎉in Yuma, AZ.😮
What did you find
Living the good life!
"Money can buy anything"! 😅
HSBC is not afraid to do it.
SHOULD ASK FURTHER WHO THE ONE PRINTED THE USD DOLLAR...A SCAMMER CHASING A SCAMMER??🤣🤣🤣🤣🤣
Good bank for people who travel to different countries
In early 2001, one of my friends and his mother tried to open checking accounts at the WTC branch.
As soon as they did, they were nearly interrogated about "why did they want to open a branch with that bank", etc.
They're black, and the manager made a point of making the one black employee there ask the questions.
My friend and his mom were disgusted by the bank's actions and opened accounts at Chase.
Suffice it to say, they didn't shed a tear when they realized that the HSBC branch was destroyed on 9/11.
Hongkong based defunct & infamous BCCI ( pop name bank of Crooks & Criminal Int'l) have strong similarity with this institution.
Everyone in China knows HSBC is the bank to go to when it comes to shady practices. If your account isn't labeled as "Premier" or high balance, the staff couldn't be bothered to assist you.
This applies to all banks
HSBC is owned by the BRITISH. and HSBC is Located in Hongkong to serve those connected with opium trade after the opium war
One of their big US acquisitions was the equally sleazy credit card giant Household Finance, which was indicted for predatory lending in 2006. They lost a bundle on those bad debts during the crash of 2008, and had to divest of their US Credit card business in 2012 when they were all but run out of the US Market.
And yet I sent a total of $11k and now Western Union flagged me.
They work so hard stopping money laundering but they couldn't stop the flow of drugs that destroy the life of my brother with six small children. They need to step it up.
Well I guess HSBC does not have to worry about a bank run like somany in the USA,With all of those illegal deposit there balance sheets must be bursting ar the seems
They even have evil smiles😂
How can exposing customers' details help stop money laundering ? Just a question.
I don't know what this documentary seeks to achieve. But I can tell you emphatically that this documentary has or is rather making HSBC more popular and exposed.
As long as illegal money is being made, Banks will be needed to store some of these monies.
Yep
The mind boggles.
Just the opposite once u know what they stand for you don’t bank with them.
IKR when it's supposedly a huge blow on their reputation among clients, they're still doing well even after the scandal was known. Lol
One of those rare instances where bad publicity is actually good publicity. I want to start my own HSBC style enterprise
🤣
Hong Kong island and the peninsula south of Boundary Street was given to the UK for good after the Opium War. The New Territories area - North of the Boundary Street was leased to the UK for 99 years.
Ok I see the reason we changed to plastic bank notes in Australia. They tend to fair better when wet.
This Pepper Culpepper is so representative of academics today: stooges of the powerful.
It cannot be the case in Singapore Banks. They watch all cash movement very closely. Singapore is rhe safest place for Banking.
The conclusion i get from this documentary is that it's not the criminal and corrupt practices of HSBC they have an issue with but that its connected to and does business with china
But they’ve been laundering money since they were under British rule, and China actually put some, though not much, regulations on them. Also, China won’t have control over Hong Kong, and hence this bank, for another 20 some years (Great Britain only agreed to give back Hong Kong if Chinese government does not move into Hong Kong 50 years after getting the land back).
YESS!! I am only halfway through this documentary and I was like hmmmm.. this is so one-sided. they have problems cos the clients are all from china and there is where the influx of profits from asia. so, these americans/jews financial systems like jpmorgan etc are not happy. the only conclusion I can come out with in this documentary is HSBC intentionally did this to promote their services to the ppl who they are targeting their bank to OR just jealousy from americans/jews/european financial businesses and govt.
Its more of an opinion piece at that point, yes.
How else will these top-of-the-line fentanyl precursors and methamphetamine precursor money be washed?
Wait are they still doing this? I actually got some cash I need to launder.
This is an excellent video!
Corporate corruption knows no geographical bounds.
at 23:50 when he desribes cartel members placing deposits into HSBC. Have you ANY IDEA what would happen to those employees if they refuse the "polite request" ?
As long as you got the right amount of money,HSBC will help you launder the money,profit 1st ,ethical last,good for the robbers and thieves