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HSBC Corporate Governance Corruption

When the Negotium essay, Long History of HSBC Money Laundering was written over two years ago, one might think that the Banksters would look to take a lower profile. Forget about it, when you are part of a made criminal syndicate you never have to serve time, just say you are sorry. Bloomberg reports, the “HSBC Holdings Plc Chief Executive Officer Stuart Gulliver offered “sincerest apologies” following fresh details of how the bank’s Swiss unit helped customers evade taxes.”

The Forbes column, 'Corporate Governance Is The Very Essence Of A Business' presents a half hearted public relations spin from the notorious bank for Drug, Inc.

“As part of its response to the revelations HSBC said: “We acknowledge that the compliance culture and standards of due diligence in HSBC’s Swiss private bank, as well as the industry in general, were significantly lower than they are today. At the same time, HSBC was run in a more federated way than it is today and decisions were frequently taken at a country level.”

The most chilling feature of the laborious research into the HSBC files is the documentation of the knowing wrong-doing perpetrated by managers at various levels throughout the bank – and the flippancy with which it was undertaken. From ‘code names’ for clients to widespread collusion, it is clear there is complete contempt for the law.”

Arrogance in spades is how the world’s number two bank operates. Another example provided by Tom Heneghan, who professes to be an International Intelligence Expert, cites the following.

“Alibaba previously was de-listed on the Hong Kong Exchange for dealing in fraud with the Hong Kong branch of noted bank HSBC.

Alibaba is then simultaneously operating a foreign currency money laundry and ponzi scheme tied once again to HSBC.”

The bigger the money the greater the chance you have for just minor pin pricks and fines that are all part of the pay off cycle of international banking.

When it comes to inventing clandestine methods for money laundering, look to the masters in the City of London to perfect the art of double talk. The BBC account, HSBC whistleblower's email to HMRC uncovered, states:

“An email which the whistleblower at the centre of an HSBC tax scandal says he sent to HM Revenue and Customs in 2008 has been uncovered by a French newspaper.

The UK tax authority has been under fire from MPs on the Public Accounts Committee, who accused tax officials of failing to deal with the matter adequately and ignoring Mr Falciani's 2008 email.”

No surprise that a years old complaint gets pushed under the rug. HSBC is too big to fail and pays for protections in all the right places.

Reuters adds more accelerants to the firestorm, but the odds that this scandal will suck up all the oxygen to build into an inferno are slim. 

“Other countries are already taking action against HSBC based on data leaked by Falciani and previously obtained by tax authorities. In November Argentina charged the bank with helping more than 4,000 clients evade taxes. HSBC Argentina rejected the charge, saying it respected Argentine law.”

Hey, the motive to avoid paying taxes is well understood. However, facilitating criminal enterprises under the banner of a fiduciary banking institution crosses the line. The Guardian provides the following in HSBC files: Swiss bank hid money for suspected criminals.

“HSBC also held assets for bankers accused of looting funds from former Soviet states, while alleged crimes by other account holders include bribery at Malta’s state oil company, cocaine smuggling from the Dominican Republic and the doping of professional cyclists in Spain.

The Swiss bank also held accounts for “politically exposed people” – defined as senior political figures or their relatives at heightened risk of involvement in corruption, money laundering, or avoiding international sanctions – with little evidence of any extra scrutiny of their activities.”

OK, what is the point of citing more horror stories, by now you get the drill that the Globalist interdependent financial extortion system needs a mechanism to keep all the pay offs and ill-gotten gains circulating. The history of HSBC is a case study of all that global corporatists has wrought on the planet.

Governments won’t even investigate credible complaints, enact necessary structural oversight and accountability processes, and certainly will not jail the kingpins who flaunt their untouchable status.

Repeating this saga using different circumstances never gets down to the level of approaching solutions. Without a universal outcry against the transnational banking model and the creation of regional and local alternative banking, the big banks will just keep getting larger and more autonomous and above national sovereignty.

 What governments these banking house monopolies do not control, matter little in the larger scheme of finance. HSBC along with Goldman Sachs and JP Morgan may be the posters boys of the Banksters cabal, but you will never see their executive faces on a most wanted poster.

Last year Hang the Bankers published 48 suspicious banking deaths asks.

“With the global financial system heading towards a major crash in the near future are these people buckling under the pressure of what they see coming or are they being silenced because of what they know?”

Attempting to answer this question will take insider information of scores of Falciani whistleblowers. Or more probably, those who are considering joining the ranks of informers may well become part of the growing list of the deceased.

For those who doubt the shadow history of debt created banking, watch the video The Rothschild Family - Puppet Masters - World's Only Trillionaires - Full Documentary on the BREAKING ALL THE RULES You Tube Channel, subscribe for future updates.

What people must come to understand is that banking is not really about making money. It uses the fractional reserve and current zero interest rates to further their political influence over nations to achieve global governance. They are the true outlaws, in Armani suits. HSBC just happens to have a longer experience with global thievery than most.

James Hall – February 18, 2015

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Banksters ownership and control of the Corporatist Economy
Globalist 'Free Trade' fraud creates a wealth disparity that the world has never seen 
A Merchant based economy of true competing Free Enterprise is the alternative

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