2 ms·
> the bank had lax controls in 2008 which allowed bad actors to move money through HSBC Oh no! If only HSBC had the power to implement tighter controls that wo
by ASalazarMX 2y ago
> the bank had lax controls in 2008 which allowed bad actors to move money through HSBC
Oh no! If only HSBC had the power to implement tighter controls that wouldn't allow it to receive boatloads of money. Oh well, it's not like they know a lot about money laundering, tax evasion, or handling large sums of money generally.
P.D. other comment mentioned that money flow attracts criminals, and I interpret it as criminals working on HSBC, not cartels using their services.
- notavalleyman 2y agoThere are many users and submissions here that can give you context on how difficult it is to implement technical controls on global banking customers. However, you also have an active conspiracy imagination. If you aren't sure why cartels are being mentioned then I suggest you click the Reuters post were discussing. The one that talks about lax controls 17 years ago