Elizabeth Warren is still waiting for an answer.
During Senate testimony Liz Warren asks how much drug-laundered money it takes before banking regulators consider shutting down a bank. Hilarity ensues. And no one ever answers the question.
How a big US bank laundered billions from Mexico’s murderous drug gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored.
HSBC Under Investigation
HSBC has reported in its public filings that it is the subject of multiple federal and state investigations and that it could be subject to significant fines and criminal penalties.
HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.