Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers

HSBC’s Swiss banking activity was exposed.

An investigation into 100,000 account holders turned up drug dealers, royals, terrorists, arms dealers, sanctioned Russian businessmen, and on-the-lam politicians trying to evade taxes—along with music icons Tina Turner, Phil Collins, and David Bowie. The bank acknowledged that its standards “were significantly lower than they are today.”

http://www.icij.org/project/swiss-leaks/banking-giant-hsbc-sheltered-murky-cash-linked-dictators-and-arms-dealers

Swiss Leaks

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