global_banner

    Documents Reveal Banking Giant Profited from Criminal Clients

    Feb 11, 2015

    Documents Reveal Banking Giant Profited from Criminal Clients

    According to a recent IrishTimes.com article, leaked documents from banking giant HSBC revealed it profited from doing business with arms dealers, dictators, diamond traffickers, and other clients engaged in illegal activities. The article provides details about the results of an investigation by the International Consortium of Investigative Journalists into the bank records of criminals, celebrities, and other high-profile people who had accounts at HSBC up to 2007. The disclosures, according to the article, “shine a light on the intersection of international crime and legitimate businesses…”

    More...

    The online Global Policy Brief is intended to help you stay current on international news and events. Further information about the issue is accessed by clicking on the link provided at the end of each summary.

    Want to sign up to receive an email version of the Global Policy Brief? It's free! Just tell us a little about yourself and you'll receive a monthly dose of the latest in legislation, regulation, and more.

    © 2017, ARMA International