HSBC in Mexican Drug Cartel Money Laundering Scheme

02/16/2016
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Well just when you think you’ve heard it all when it comes to the mortgage industry, HSBC apparently was helping Mexican drug lords do a little money laundering.

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  • A black cat and news about KinkBNB? The show is heading in a different direction than I had imagined… HSBC was originally the Hong Kong Shanghai Banking Corporation, founded 150 years ago in Hong Kong. In 1991, they moved their HQs to London. For years, it has been reported that they laundered money, and now it’s official. Of course, US banking regulators didn’t take any action until all of the crimes became a distant memory. So much for pro-active regulation.

    Jerry Deex February 16, 2016 9:49 am Reply

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