SOME OF THE WORLD’S BIGGEST BANKS ‘LET CRIMINALS AND FRAUDSTERS MOVE DIRTY MONEY AROUND THE GLOBE
in some cases even after being told’ global investigation reveals
Some of the world’s biggest banks let criminals and fraudsters move dirty money around the world, according to leaked financial dossiers.
Banking papers detailing $2 trillion in dealings were analysed after being leaked to Buzzfeed News and shared with the International Consortium of Investigative Journalists, which distributed them to 108 news organisations, BBC Panorama said.
HSBC is one of several international banks whose name appears most in the cache of thousands of secret US government documents called the FinCEN files.
They show that HSBC continued shuttling funds through to accounts in Hong Kong months after it was warned about the Ponzi scheme worth £62 million.
When HSBC, the UK’s largest bank, closed down the fraudsters’ accounts they had already been drained of the millions.