HSBC Accused Of Helping British Drugs And Arms Dealers Launder Money

November 9, 2012 | By
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The disclosures raise serious questions about HSBC’s procedures in Jersey Photo: ALAMY/REUTERS

Britain’s biggest bank has been accused of helping drug-dealers and gun runners launder money and evade tax in Britain with offshore accounts.

HSBC is being investigated by HM Revenue and Customs after a whistleblower handed it the names, addresses and balances of every person the banking giant has helped place money in Jersey.

On that list is believed to be drug dealer Daniel Bayes who is now in Venezuela after he abandoned his £500,000 cannabis farm in Sussex; Michael Lee, who was found to have 300 guns in his Devon home, three bankers on fraud charges and a man named Britain’s ‘number two computer crook’.

It is the latest scandal to dog HSBC after it emerged the banking giant allowed rogue states and drugs cartels to launder billions of pounds through its branches.

Read the whole story at MailOnline

 

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Category: COMMERCE, GLOBAL

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