[LegendHasIt]

"Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Because it is my (expletive) money is all the (expletive) evidence the bank is ever going to get.

[2harddrive]

Legally, once you deposit funds in a bank, it is NO LONGER your money. It is the bank’s, and you just have a lien on it, similar to the mortgage they hold, on the home you own.

[grumpygresh]

But if you say that you want to buy drugs, maybe HBSC will be more. sympathetic. You would after all help fund HBSC’s operations.

http://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272

[2harddrive]

Legally, once you deposit funds in a bank, it is NO LONGER your money. It is the bank’s, and you just have a lien on it, similar to the mortgage they hold, on the home you own.