HSBC: The Money Laundering Scandal | Shady Business

HSBC: The Money Laundering Scandal - If HSBC were a country, it would be the fifth world economic power. Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world.
HSBC: The Money Laundering Scandal (2017)
Director: Jerome Fritel, Marc Roche
Writers: Jérôme Fritel, Marc Roche
Stars: Douglas Arner, Jack Blum, Lanny Breuer
Genre: Documentary
Country: France
Language: English
Also Known As: Banksters
Synopsis:
From the director of ‘Goldman Sachs: The Bank that Rules the World’ comes a major new investigation into corruption at one of the world’s top financial institutions - HSBC.
If HSBC were a country, it would be the fifth world economic power. Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world. From tax evasion to money laundering for the mafia and manipulation of currency, “this bank had done everything bad that a bank can possibly do.”
In 2012, HSBC nearly lost its license to operate in the US for laundering the money of the Mexican and Columbian drug cartels. Criminal charges were filed and HSBC’s executives hauled before a Senate committee. But George Osborne, UK’s then Chancellor of the Exchequer, wrote to his counterpart in America and to the Chairman of the Federal Reserve to plead for leniency. He claimed that if HSBC received a harsh punishment, it would have serious repercussions on the world’s financial and economic stability. The letter worked and HSBC was fined 2 billion euros. The equivalent of one month’s profits.
As the center of international finance moves to Asia, HSBC is in prime position. It is the most Chinese of Western banks and the most European of Chinese banks. Protected by London, blessed by Beijing, who would dare attack it?
Reviews:
"Quite French in some parts, but universal in it's worry. A history of one of the main corrupt entities in a global corrupt financial system between the British and the Chinese. Do you want to get upset about any fees and penalties your bank issues you for being a week late in payment (when you explicitly have the funds in another account of yours to counter that fee?) Watch this!! It's the basic story began years and years ago to take power and financial freedom from the little guy, and protect the big guy. Above the law, no repercussions Governments protecting banks. Why is the judicial system protecting this ?"
- written by "heath-67" on IMDb.com
Also Known As (AKA):
(original title) Les gangsters de la finance
France Les gangsters de la finance
Germany Die Skandalbank
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#laundering #money #documentary
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[@danielfisher6501]

As a hitman, this is exactly why I bank with HSBC. I turn up with large amounts of blood soak money, and they ask few questions.

[@0401412740]

Chinese bank

[@LimJiaKim]

⁠@@0401412740HSBC was set up By The British during the opium war to do all the business transactions. As such hsbc was heavily involved in drug in their past.

[@tommyeschung]

L,fao

[@HaadBajwa-q9n]

What are the few questions that they ask? Just curious! 😂 Perhaps; Is this blood or ketchup?

[@chrisfisher6700]

Clearly never onboarded with HSBC as a client. They ask literally an hour of completely moronic questions. I wonder if they even listen to the answers as long as you don't make some kind of egregious admission.

[@jpducati916]

Banks are above Government and Regulation. Criminal Syndicate.

[@Baqbaq_badhanaa]

As a professional money launderer, I'm worried about where the world is heading to

[@DJRenee]

It definitely isn't heading towards honesty or morality, so you are good.

[@mohdfahmi8841]

Ai.

[@jemiez9383]

Yeah. You got to worry because sooner or later you will lose your job as professional money launderer because AI will take over to do the launder instead of human. Maybe you got to learn new skill such as professional pickpocketters or professional roadside beggars😂😂😂😂😂😂

[@CLM2204]

A👁️

[@aimirror]

not sure you are entitled to the right to "have feelings about it..." You should probably be in jail.

[@anayshendey]

One of the best documentaries I’ve seen in recent years.. great job 👏

[@cinemaipswich4636]

If I had lots of money, HSBC would be the first bank I would engage.

[@Curlyblonde]

Deutsche Bank, Wells Fargo too provides excellent laundering services. Both have paid their fines and are good to continue providing this service.

[@dragonite87]

I bank with HSBC Australia. They offered me a prerty competitive home loan rate, plus a $3300 bonus to switch, plus they have other benefits. They are corrupt but our Big 4 Banks aren't much better.

[@EaglesAndStandard]

It’s the same old routine, but it never gets old

[@jmc8076]

Same in most countries. Good doc video on mass gold laundering in Africa. In Canada it’s thru casinos and real estate. The US well you know.

[@charlessoukup1111]

Laundering?? What the hell FOR when it flows like water all behind the scenes tho seems the govt knows every penny we get & spend??

[@seanmolloy6188]

I find it very interesting. I worked for Terex Corporation for over 13 years, and they would pride themselves on transparency, doing the right thing, moral obligations, and all that, but they switched to HSBC after all the trouble that they had gotten into. Then, a few years after the switch, they started shutting plants down, eliminating jobs and shipping work to Mexico.

[@Ellevs1]

Now try to put a few thousand cash on your bank account and you’ll be under investigation for money laundering. One rule for them, another for everyone else.

[@harlyslamm2888]

I dont know what the fuss is about, the British primary setup HSBC to do exactly this...

[@harisrinivas3649]

America not getting cut

[@davidmccabe4041]

The British pioneered tax evasion......just look at jersey, guernsey (famous for captive insurance), the isle of man, grand cayman (off shore funds), bermuda ( off shore insurance) and to a lesser extent seychelles and malta all encouraged to stand on their own economic feet and not be reliant on the UK Exchequer. David mccabe chartered accountant dublin ireland

[@jakeblair4215]

City of London has a permanent MP who sits in the house whose sole job is to inform the banks and royalty. Terrible soul sucking capilisitic legal money laundering from the colonists days

[@maxheadrom3088]

HSBC: "We understand China and we do banking like the British!"

[@wallychan2816]

You sure it’s British?Just because the head quarter is in UK.

[@babangill551]

​@wallychan2816 British are the root cause of 100% of world problems. So we are not just sure, but we believe it's British

[@johnsonjohnson3122]

​@@wallychan2816it is just a saying, showing how HSBC positioning themself since colonial time, and it continue until today. Like the guy said. The most Western bank for Chinese = The most Chinese bank for Westerner.

[@chahal_s]

​@@wallychan2816The Hongkong and Shanghai Banking Corporation

[@JL-oi8di]

@@johnsonjohnson3122not Chinese bank at all. Chinese usually use their own banks

[@qasimrashidi6870]

as long as politicians and crimes exist. banks will launder money.

[@bhavtosh5328]

Laws are only for common Americans. There is no law for big corporates.

[@donaldvansuilichem7452]

If you put all midlevel and top management in jail for 30 years this money laundering will stop.

[@cd-rom.]

It’ll just get more expensive.

[@WheelerRickRambles]

Curious, how many US politicians have accounts there and had accounts there?

[@Mike-B.]

And how many Supreme Court Justices of the Red variety?

[@noodleppoodle]

HSBC is also a high street bank so could be many xd

[@arkanterian4663]

Most likely all of them

[@WheelerRickRambles]

@@arkanterian4663 😂👍… ALL … that’s probably the real deal.

[@giorgio988]

Clinton foundation

[@alfredkariuki650]

parking ticket fines = 2 billion dollars

[@youtuber9758]

HSBC, BCA, Bank of China, Swiss Bank, you name it.

[@hsk8787]

As a druglord i love hsbc's servive. No questions, no issues.

[@shlawryarn3412]

😅

[@GAURAV25855ify]

They wallstreet 2.0

[@emperorpenguin4663]

I laundered so much money I have just run out of detergent

[@Schminner]

The Incredible Hulk banks with HSBC... don't make HSBC angry. You wouldn't like it when HSBC is angry.

[@jmc8076]

How old are you? 😂

[@finurra3905]

even as a young 20 year old undergrad business student from an impoverished neighborhood in LA, I knew these guys were gangsters. No better than the dudes I grew up. I could smell it.

[@washimikbal5393]

What a masterpiece, it's so full of information. 'Thank you' would be so small for you. Just mind blowing ❤

[@annuitcptis3032]

Yeah, the only lie in this video is that democrat politicians are trying to eliminate this problem. Complete lie!!! Follow history and you will see truth!!!

[@patrinachia6197]

Common on! Which bank is not guilty of this?

[@Jim_maco]

9 out of ten ppl with millions in dirty money launder it at HSBC

[@rwksasc]

HSBC: we launder money better than anyone.

[@Curlyblonde]

HSBC: Headquarters of Scammer Banking Corporation

[@waltclarke2618]

For countries that mainly produce illegal drugs how else can they bank?

[@Jojoxxr]

Nice work hsbc, doing your bit to also enable funding for global human trafficking (ie sound of freedom) and also rinsing trillions thru realestate worldwide thus over inflating housing/property values. A real pillar of society

[@burntrubber7458]

If they would've let them collapse it would send a message to all crooks. Unfortunately, they won't because they're in on it too!

[@wallychan2816]

Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Jane Street Group and Morgan Stanley round out the top three largest institutional shareholders of HSBC.

[@DJRenee]

😮

[@GAURAV25855ify]

They have holding in Florida near the Miami dade area

[@monkeyking-self-proclaimed7050]

HSBC is not the only bank that does this.

[@Juan_Hernandez_Jr.]

Who else does it?

[@giorgio988]

Too many to name do your research

[@gmorin3]

Because he doesn't know😂

[@kara1599]

even if it is true, it does not justify what they do.

[@missychan1]

Swiss accounts ring a bell?

[@lorrainepalmer2952]

Started with drug money and laundered drug money.

[@ІринаЛапчук-м9ю]

Ви нічого не зробите проти нас в інтернеті і в Україні і в інших країнах світу Європи від мене особисто Дякую за увагу за ефір

[@LimbovitschHaim4Mir]

16:25 !!! HSBC also printing and issuing the HK's dollars !

[@trumpthelegend6357]

I watch these types of documentaries to get ideas. Thank you

[@ReikiHealing-fk3bx]

It should be renamed Bank of Canada

[@Curlyblonde]

Our economy and housing market in Canada would collapse if it weren't for all the laundered money coming in.

[@kara1599]

too big to prosecute, exactly it is!! this world always works for powerful people, who benefit from dirty systems.

[@nolramonairam3098]

exactly.. when everyone has a piece of the pie who cares for those unhappy.

[@GAURAV25855ify]

Thats True how is that president can be prosecuted but not These parasite scumbags how ironic

[@manuelcorpuz4408]

Bro if a bailable offense wont stop me and still i get profit after paying repeat is the key

[@zeezee7856]

How much more do I have to take before it’s stopped?!

[@Perspectiveon]

Accountability is a necessity or crisis will keep emerging becoming ever worse. Bailouts and leniancy has to stop and any implications has to be dealt with as they arise no matter how severe. The people at the top especially in the Judicial system has to recognize this or go !

[@hsk8787]

How many times does hsbc need to get caught before something actually happens?

[@Play4Vida]

Why would anything change? You think the government doesn't know? Entities like this need to exist.

[@Curlyblonde]

Where would all the Royals hide their tax-free money?

[@edwardmiller9611]

This bank should Not be allowed to do any business in North America and Europe.

[@boyguapito1]

*HSBC* is (or was) _The World’s largest Bank._ Not Asking were the money comes from, facilitating money laundering, and creating off shore shell companies to hide hard-earned money and even tax evasion is paradise.

[@stingray120]

5:20 TRANSLATION: "And so if you are a Mexican or Colombia Drug Lord wanting to launder your money, the first thing you should do is call HSBC in Hong Kong.

[@jonasguanzon5540]

How the government use the taxes properly

[@wallychan2816]

Government and the word properly can only fool cave man living in stone age

[@QuiLe-qw5jb]

"Money can buy anything"! 😅

[@foodandwinefromhoneyblonde8346]

Well, damn the lid is blown off. I am in shock to believe this kind of stuff can happen. Amazing amazing documentary.💯💯

[@ADR199E]

Wow they had a huge stadium and corporate building in downtown Buffalo NY 😮 The whole time….

[@wallychan2816]

Wake up dude, should see their buildings PS Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Jane Street Group and Morgan Stanley round out the top three largest institutional shareholders of HSBC.

[@DWPIXEL]

Good bank for people who travel to different countries

[@yimengz8778]

The French attacked a prestigious British Bank.

[@suziemalloy7216]

After 25 years on Wall Street and 5 in anti-money laundering. I found something so big. I am now assistant manager at Jack in the Box🎉in Yuma, AZ.😮

[@stella-vu8vh]

What did you find

[@Curlyblonde]

Living the good life!

[@khalidmustafa7844]

They are only doing what the rest are doing ,switzerland rings a bell

[@garymiller4141]

Well I guess HSBC does not have to worry about a bank run like somany in the USA,With all of those illegal deposit there balance sheets must be bursting ar the seems

[@OFFICEoftheMAN]

There is no money in the world since 1933…

[@xxzstatixx562]

💯

[@HoneyBadger80886]

And China has no girls.

[@johnalver]

Seriously how the world goes round 🤬

[@hani786ish]

I’m sure HSBC isn’t the only bank who’s involved in money laundering.

[@KeepRCHN4TheSTRS]

How else will these top-of-the-line fentanyl precursors and methamphetamine precursor money be washed?

[@Sirius-me5zy]

As long as you got the right amount of money,HSBC will help you launder the money,profit 1st ,ethical last,good for the robbers and thieves

[@joeson7700]

Hongkong based defunct & infamous BCCI ( pop name bank of Crooks & Criminal Int'l) have strong similarity with this institution.

[@RebeccaSo-e7z]

Hong Kong island and the peninsula south of Boundary Street was given to the UK for good after the Opium War. The New Territories area - North of the Boundary Street was leased to the UK for 99 years.

[@deevee4994]

HSBC is just world hub to interlink money flows for a fee between Governments, Businesses, and Criminals. There has always been protected institutions like HSBC in commerce history to maintain the status que.

[@bill4056]

HSBC is owned by the BRITISH. and HSBC is Located in Hongkong to serve those connected with opium trade after the opium war

[@jonasguanzon5540]

Politics, Business and Religión

[@Khalifah_kby]

Looks like I will be opening HBSC soon

[@emilylam9893]

You just attacked the one bank

[@nikolas_5629]

Bcoz its belong to asian not European, last 5decades ago its became swiss bank great profit, &none country could asking about money laundry to them...

[@quynhnhi189]

This is an excellent video!

[@palestinelucas]

to this day British have not ended their cruelty against innocent just to make more money

[@sennasennina4891]

We all know who is really behind HSBC. Intelligence services use as well HSBC for their operations like other offshore organizations. Not everything is approved by the Congress and the government. Money is very fluid and institutions like the HSBCs are created to facilitate their use. If you are a regular taxpayer, you would be part of the 99.9% of the world that obeys its rules and laws. Unfortunately, the rules are only made for the same 99.9% and NOT 0.01%. This is reality and nothing could change it.

[@adityonugroho7247]

like mission impossible stuff ?

[@jmc8076]

Do you honestly believe any back is honest and or not involved w/something?

[@wallychan2816]

Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Jane Street Group and Morgan Stanley round out the top three largest institutional shareholders of HSBC.

[@Paochinblog]

Connection with big four accounting firms?

[@MrOharaj]

at 23:50 when he desribes cartel members placing deposits into HSBC. Have you ANY IDEA what would happen to those employees if they refuse the "polite request" ?

[@n3bruce]

One of their big US acquisitions was the equally sleazy credit card giant Household Finance, which was indicted for predatory lending in 2006. They lost a bundle on those bad debts during the crash of 2008, and had to divest of their US Credit card business in 2012 when they were all but run out of the US Market.

[@davidangel6469]

Where are the Deutsche Bank/ Cypress Bank money laundering videos-- after all money laundering is A GLOBAL PROBLEM

[@davidmccabe4041]

In the early 1990s i visited luxembourg on a day when the banks were open but a day which was a public holiday in Germany. Every parking space was occupied by German registered cars, all posh restaurants were full....it was the first time i saw money laundering in practice as German residents deposited their savings outside the eyes of the German tax authorites. David Mccabe chartered accountant Dublin Ireland

[@suziemalloy7216]

WOW😮😢😢

[@waltclarke2618]

You don't blame them though, why should you pay taxes to a government who themselves are corrupt and misusing the money.

[@chrisg4rr377]

Maybe the germans went out for a drive to get some Schnitzel and took a wrong turn, got lost and stopped in Luxembourg to check the map

[@marieazrak1951]

That’s ironic. He’s a preacher at the church, but he works for a bank and breaks the law And now he’s in the house of lords.

[@Curlyblonde]

Religion is the Opium of the masses. Look at the Vatican Bank too. Protected by diplomatic immunity and no accountability, they are also involved in many shady bank deals. Your Sunday tithing at work.

[@213kilacali]

Wait are they still doing this? I actually got some cash I need to launder.

[@bobm8637]

Don't all banks do this?

[@bravosierra2447]

HSBC is not afraid to do it.

[@christlife1046]

I don't know what this documentary seeks to achieve. But I can tell you emphatically that this documentary has or is rather making HSBC more popular and exposed. As long as illegal money is being made, Banks will be needed to store some of these monies.

[@DJRenee]

Yep

[@jabavumaphenduka7665]

The mind boggles.

[@vartvartan7492]

Just the opposite once u know what they stand for you don’t bank with them.

[@buzzy33]

IKR when it's supposedly a huge blow on their reputation among clients, they're still doing well even after the scandal was known. Lol

[@kdZA8209]

One of those rare instances where bad publicity is actually good publicity. I want to start my own HSBC style enterprise 🤣

[@IhabFahmy]

All these "controls" HSBC claim to implement apply only to the mom-and-pop depositors with 3000 Euros in their account. The big fish with 5M Euros have different bank officers and are held to different rules.

[@ShahzadQadir-v7o]

Money laundered in Switzerland is all fine but in Hong Kong Not.

[@rocktech7144]

As a person who built one of their headquarters in the midwest of US. I can tell you a tank would have a hard time breaching their vaults.

[@aviation300x]

Everyone in China knows HSBC is the bank to go to when it comes to shady practices. If your account isn't labeled as "Premier" or high balance, the staff couldn't be bothered to assist you.

[@bill4056]

This applies to all banks

[@joyghosh8610]

Banks protect customers, by protecting their identity.

[@lupeelvaquero6516]

They are the BIG narcos.

[@tofutosisupiryu]

The more they launder, the more they can hire high grade operations staff to keep it running! Countless markets operations to launder countless money😊

[@robertanderson3905]

reprisal for exposing oliver north

[@ThaddeusBurch]

as long as politicians and crimes exist. banks will launder money.. As a druglord i love hsbc's servive. No questions, no issues..

[@jonasguanzon5540]

Value of Currency depends in Character and Attitudes before Resourcess

[@wallychan2816]

no worthy an explanation on Forex

[@shifureisaikyou2055]

HSBC is a chinese bank who happens to have headquaters in Britain but with such a core what do you expect?

[@manuelcorpuz4408]

Well UK is now the country with Most Laundered Money what do you excpect HSBC is so fast on this Opportunities

[@alpburak]

Take HSBC down and another bank will immediately rise to fill its shoes. There is really very little to do when the entire system is broken.

[@Curlyblonde]

Especially when you move HSBC bank management into high ranking government positions.

[@mn7024]

But HSBC questions ordinary customers so hard even when they are withdrawing/transferring their own money as a parent/guardian would 😏, in UK

[@cactusjack2264]

As a scammer I bank with HSBC 💪💯👍🤝🤜🤛💸💵😈🇺🇸

[@MrAngenos]

One time, I washed my jeans and found wet 20’s in there..

[@neilbradley9035]

I'm a Hong Kong resident who banks with HSBC, I'm also a US citizen. They don't allow me to put any of my money in investment.

[@JL-oi8di]

I love Hsbc as a hker, it is the best bank I have used. All banks do dirty things

[@Ivayloi123]

Shang Hai and Hong Kong British Cooperation.

[@wallychan2816]

Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC. Jane Street Group and Morgan Stanley round out the top three largest institutional shareholders of HSBC.

[@KevinCormack]

This is the bank the Royal Bank of Canada RBC wants to buy?

[@ismailv4197]

Money Laundering scandal is the key business in India, from Top to bottom for their selfish political mottos and vested interests.

[@Play4Vida]

Indian is not important, I can buy a full family to work for 10$ a week.

[@michaelbryant2071]

When the returns are high and the downside is negligible, why not?

[@johnd.5601]

Ray Dalio launders money for the cartels and nobody is stopping him. It's not illegal for Ray Dalio to help drug cartels!

[@jmc8076]

Reportedly deep $ ties with China.

[@joyghosh8610]

UK lawyers or HSBC Hong Kong lawyers does not matter.

[@ІринаЛапчук-м9ю]

І відкладали для себе, щоб потім могла користуватись.