Tuesday, March 21, 2017

Johan Nylander — Chinese banks, HSBC caught up in huge money laundering scam

Several of China’s state-controlled banks, as well as HSBC’s Hong Kong branch, have allegedly processed hundreds of millions of US dollars from a vast money-laundering operation run by Russian criminals with links to the Russian government and the spy agency FSB.
Documents obtained by the Organized Crime and Corruption Reporting Project show that at least US$20 billion was moved out of Russia between 2010 and 2014 in a vast criminal operation called “The Global Laundromat”....
Asia Times
Chinese banks, HSBC caught up in huge money laundering scam
Johan Nylander

5 comments:

Matt Franko said...

Shocking!!!!

Noah Way said...

The difference is that in China there will be a 2-hour trial for the bankers followed by public execution, while here the banks would pay a tiny fine and the bankers would all get huge bonuses.

Bob said...

I am shocked, shocked! that gambling is going on in here:
https://www.youtube.com/watch?v=SjbPi00k_ME

Matt Franko said...

Noah what we can see here is the entire purpose of the Chinese economy...

This is a gang fight...

Bob said...

... or a cricket fight.