'Green' HSBC Bank for "customers with a conscience." 1/15/08, "HSBC tops green banking list." 1/11/08, "HSBC, Other European Banks Receive Top Scores in First-Ever Ranking of 40 Leading Banks on Climate Change Strategies," CSRwire (Corporate Social Responsibility) (HSBC 'cares.')
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3/18/13, "HSBC faces new money laundering claims in Argentina," BBC
"Banking giant HSBC, which
was hit with a US fine for money laundering last year, is facing fresh
accusations of illegal activity in Argentina.
The country's tax authority said it had filed criminal charges against HSBC. HSBC said that it would cooperate with the investigation, adding that the allegations were "of great concern"....
Last year, HSBC agreed to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case.
Argentina laid out its case against HSBC late on Monday. "On the basis of what's been investigated so far, in six months we've recorded 392 million pesos in fraudulent transactions, generated by evasion and money laundering," said Ricardo Echegaray, head of Argentina's tax agency.
Mr Echegaray added that HSBC also helped clients evade taxes on an additional 224m pesos.
"We hope to recover what is due and see the courts apply an appropriate penalty," he said.
Money laundering is the process of disguising the proceeds of crime so that the money cannot be linked to the wrongdoing.
HSBC, which has previously admitted to having poor money laundering controls, has been taking steps to tighten its operations.
Last year, it said that it had spent $290m on improving its systems to prevent money laundering.
At the same time, it also appointed a former US official, Bob Werner, to work as its head of financial crime compliance, a new position the bank has created.
The bank said that he will be responsible for beefing up its anti-money laundering and sanctions compliance systems.
Mr Werner was previously the head of the US Treasury's Office of Foreign Assets Control, the agency responsible for enforcing the US sanctions on countries, including Iran."
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7/16/12, "HSBC Helped Terrorists, Iran, Mexican Drug Cartels Launder Money, Senate Report Says," Forbes, Fontevecchia
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7/16/12, "Senate report: HSBC 'allowed drug money laundering'," BBC
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July 3, 2007, "HSBC provides 'green' banking option," moneynews.co.uk
"HSBC is providing customers with a conscience the opportunity to take advantage of a host of green banking options.
As of yesterday (July 2nd), all existing and new HSBC account holders have the option of choosing an eco-friendly method of banking....
HSBC's green banking option also provides a number of discounts on a host of eco-friendly offers, including £70 off with Ecotricity, ten per cent off every order with Natural Collection and 40 per cent off Ecologist Magazine.
For every HSBC account opened before August 26th, the group will donate £5 to Earthwatch, the Climate Group and the WWF."...
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1/15/08, "HSBC tops green banking list," ComputerWorldUK.com
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Ed. note: 'Greenmail' lets you get away with murder. HSBC came in #1 when banks were asked to "explain how they are factoring carbon costs into their lending decisions...as carbon-reducing regulations take hold worldwide." US CO2 emissions have dropped steadily since at least 2006 and are going lower, so the issue of US CO2 is moot. Other countries' CO2 hasn't dropped--despite billions spent on cap and trade and extra taxes. The article linked at top touting HSBC "climate change strategies" was written in 2008 during the time HSBC aided terrorists and drug lords with abandon.
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