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A counter-article that just came out: https://www.theguardian.com/world/2018/jun/24/fraudsters-turn-dubai-new-costa-del-crime https://www.theguardian.com/world/
by a_bonobo 8y ago
A counter-article that just came out:
https://www.theguardian.com/world/2018/jun/24/fraudsters-turn-dubai-new-costa-del-crime https://www.theguardian.com/world/2018/jun/24/fraudsters-tur...
>Fraudsters ‘turning Dubai into the new Costa del Crime’
>Emirate being used to hide millions in tax, say UK investigators
- qaq 8y agoOK to be fair most of the worlds largest banks including HSBC have laundered money for drug cartels, ISIS etc. at scale that dwarfs whatever is mentioned in this article and basically just got a slap on the wrist for it.
- coldtea 8y agoDrug cartels, sure. ISIS I doubt the money for its operation is even a blimp on those banks revenues. More like what a $10 is for Bill Gates. If they do pass through them when laundered it just because its easier for some reason than some other banks (e.g. not American owned etc), not because anybody at HSBC and co collaborates actively with these people.
- qaq 8y agoAmerican banks laundered 300+ billion for drug cartels. ISIS is not a blimp but they did have to move about 600 mil / year in Oil revenue alone.