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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Tuesday, July 17, 2012

Further proof the War on Drugs funds the War on Terror: HSBC to apologise for money laundering

"Executives from HSBC are appearing before the US Senate to acknowledge shortcomings in their anti-money laundering operations and to promise to fix what a scathing report called a "pervasively polluted" culture at Europe's largest bank.

The Senate's Permanent Subcommittee on Investigations began a day of hearings on Tuesday with officials from the US Treasury and Department of Homeland Security.

The Senate report, released ahead of the hearing on Monday, came after a year-long inquiry and said HSBC had routinely acted as a financier to clients routing funds from the world's most dangerous corners, including Mexico, Iran and Syria.

Lax controls at the bank allowed Mexican drug cartels to launder billions of dollars through its US operations, the investigation found."  - Al Jazeera English

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Also read and watch: 

Major banks are getting rich from money laundered by violent Mexican drug gangs, whistleblower says.

Sitting in the smart office of a London-based financial security firm, Martin Woods seems far removed from the drug violence tearing at Mexico's soul.

A former compliance officer with the US bank Wachovia, Woods - despite his unassuming demeanor and upper-crust British manners - has seen the drug war and its illicit loot in a light unavailable to even the most seasoned observers.


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