[RetiredTexasVet]

Not if you are HSBC. They and several other banks laundered billions for the drug cartels. The FBI investigated and the DOJ indicted no one. HSBC and other banks had their stock holders fined billions of dollars for the violations. Do a search on HSBC fined for money laundering.

[wardaddy]

I used to bank overseas with Hong Kong Shanghai Bank

In Zurich Hong Kong Miami NYC and Rimini

They sure didn’t offer me that favor in the USA

I did scores of those type deposits and withdrawals in the 80s and 90s and the IRS came after me declaring it all income

BCCI was the criminal bank then from Kuwait I believe

[Ken H]

Yeah, but you have to be an insider to get away with it.

Not just any Juan, Jose or Manuel can walk in to an HSBC branch and make such a deposit without scrutiny.