Insight: How Colombian drug traffickers used HSBC to launder money

What’s the sentence for illegal page-turning again?

Fried tadpoles.

Apparently money laundering is a criminally prosecutable offense.

So, it’s HSBC that fell prey to the drug traffickers and not the other way around. Did I get it right?

HSBC is not the first, nor will they be the last to launder drug money. The penalties are small compared to the profits to be made. Besides, if it weren’t for the profits from drug-money laundering, the Banks would be bankrupt. There is no honesty where the big banks are concerned.

The title makes it look like HSBC was the victim in this. I seriously doubt that.

so, the smartest people we have in the largest banks in the world are out-smarted by a drug cartel? Really? I’m thinking NOT!

So the corruption continues when a bank that is participating in money obtained by drug dealing that results in many, many deaths by beheadings and other means, when such a dirty, corrupt bank gets a slap on the wrist, takes some money from petty cash to pay for its crimes and promises not to do it again? What a laugh! This is the war on drugs? It is really a war on the people and the bank should be dissolved.