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> Don’t bank with HSBC. Unless you are a drug cartel, of course.
by xroche 9y ago
> Don’t bank with HSBC.
Unless you are a drug cartel, of course.
- travmatt 9y agoThen you go into a special category, where you go from fighting to find a person to talk with, to having banks designed to more easily accommodate your dropoffs.
- carapace 9y agoOh yeah! I remember that. But it wasn't the banks, it was the boxes the cash was deposited in. http://www.rollingstone.com/politics/news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213 http://www.rollingstone.com/politics/news/outrageous-hsbc-se... > Breuer admitted that drug dealers would sometimes come to HSBC's Mexican branches and "deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows." So lame: > Though this was not stated explicitly, the government's rationale in not pursuing criminal prosecutions against the bank was apparently rooted in concerns that putting executives from a "systemically important institution" in jail for drug laundering would threaten the stability of the financial system.
- calimac 9y agoIn America small regional business banks are the way to go. Credit unions are ok but have fallen into bureaucracy.
- gcb0 9y agoI don't think drug cartels have any trouble finding banks that will accommodate them. and I doubt it will be hsbc nowadays since they become scapegoat on this issue a while ago.
- jaclaz 9y ago>I don't think drug cartels have any trouble finding banks that will accommodate them. I would also believe that drug cartels have somehow more convincing/effective ways ;) to get their money than sending an e-mail to the "Safeguarding" people.