Yes and no.
I'm a small businessman trying to purchase real estate outside the USA. You have no idea how difficult it is to open an account in a foreign country because banks don't want to deal with the USA Fed. govt.. Also, if you transfer more than $10,000 to a foreign country expect to be audited.
IOW, under the guise of "fighting crime" the fed govt is making it very difficult to move any assets out of the country, not really the behavior of a "free society".
This is more realistic insight of what is corrupting our country, and controlling our politicians and media.
Benghazi was all about arming Syrian rebels who have pledged allegiance to Al Qaeda, a heroin cartel.
One step forward two steps back? Though one Wall Street megabank, Credit Suisse, finally faced a bit of justice for criminal activity it seems there still has not been much of a change in some of the bankster community’s more unsavory practices – such as money laundering for drug cartels.
First HSBC famously got off with a fine for laundering massive amounts of money for Latin American drug cartels and now Reuters is reporting that both Charles Scwhab and Bank of America owned Merril Lynch are looking the other way as drug cartels in Mexico use their services to finance their opulent lifestyles and move money around the world.
The SEC is reportedly investigating the firms for failing to follow anti-money laundering rules that mandate the company find out who they are doing business with before helping customers move money.
The SEC’s investigation so far has found Charles Schwab and Merrill did not pay close enough attention to their clients’ true identities, and accepted shell companies and individuals with fake addresses as clients, two sources said.
In both cases, some of the accounts, whose ownership the brokerages did not adequately investigate, were eventually linked to drug cartels, they said.
A lack of due diligence or an HSBC style assist? In either case, the financial service professionals were totally disinterested that accounts setup near the Mexican border “contained hundreds of thousands of dollars while others held millions.”
It’s good to know in our ever increasingly panopticon society that there are one group of people left who bend over backwards to ensure they don’t collect any valid personal information. They would rather not know who you are or where the money came from.
Often thought that the first generation bankers from countries along the Afganistan poppy routes that were connected to 0 and company in Chicago was suspicious. Sure would like to see more proven and arrests made
Casinos are still the best way to launder money that has ever been invented.
Heck of a writer...”the consequences were severe for HSBC...”.
Followed by a sentence that spells out why they were anything but.
NPR is - you may find this amazing - pure, 100% new world order to its core.
What Pieter ? That’s an astounding statement.
Why would they run this story, then ?
It’s called taking control of the storyline - getting out in front of your PR problems.
If NPR takes the lead in this storyline...
they can neatly filter out the information that is really damning against new world order financial elites.
If you look at public TV, listen to NPR, you’ll see the organizations are 100% New York City financial elites focused. They are funded by the elites’ foundations, they cover the elites’ Broaday, Lincoln Center, Carnegie Hall, “the arts”, etc., etc. All from an old-money New York perspective. They cover all the “left-leaning” movements as saint-like endeavors.
The folks who are the real backing of NPR are the folks in the same leauge as folks who attend “benefit galas” like this one from 2006:
http://www.newyorksocialdiary.com/socialdiary/2006/12_07_06/socialdiary12_07_06.php
Of course, the smart investigator takes clues from WHEREVER he can find them, and pieces the puzzle together.
So clues from NPR are just as good as clues from anywhere.
IMHO, it’s just wise to know what NPR is...
IMHO, great post.
Meanwhile this comes up on my playlist:
http://www.youtube.com/watch?v=hx-tsLrZqEU
Nothing really new here. Drugs are a cash business and profitable, and in the end so are banks.