Articles by Franz Wild and Ben Stockton
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Money-Laundering Ring Pushed $4 Billion through HSBC
Franz Wild and Ben Stockton | The Bureau of Investigative Journalism - TRANSCEND Media Service, 2 Aug 2021
28 Jul 2021 – A string of scandals has unravelled at HSBC since it admitted in 2012 to laundering hundreds of millions of dollars for Mexican drug cartels. Today, under the nose of a court-appointed monitor, HSBC uncovered a $4.2bn money laundering network using client accounts in Hong Kong. There’s no indication the findings were ever reported to the regulators.→ read full article