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British bank HSBC has allowed millions of dollars to be transferred fraudulently around the world, even after it became aware of the fraud, according to secret documents released, the BBC reported Sunday.
The UK’s largest bank transferred money through its US business to HSBC accounts in Hong Kong in 2013 and 2014, according to information in a confidential file.
The documents were ‘broadcast’ on the Buzzfeed portal and shared by the International Consortium of Investigative Journalists, of which the British program Panorama led the investigation for the British public channel BBC.
This chain indicated today that the files now revealed in detail what was the role of the bank in an investment fraud estimated at 80 million dollars (more than 67 million euros).
HSBC has always maintained that it has complied with its legal obligations by reporting fraud. The documents also show that the investment scam, known as the Ponzi scheme, began shortly after the British bank was fined 1.4 billion pounds (1.9 billion dollars or 1.6 billion euros) in the United States for operations. credit. money laundering, when it promised to eradicate this type of practice.
According to the BBC, some of the investment lawyers who were deceived in these transactions considered that the entity should have taken steps earlier to close the accounts of those responsible for the fraud.
FinCEN’s files include 2,657 documents, including 2,100 Suspicious Activity Reports (SARs), which include information on transactions that raise suspicions for the banks themselves.
They send this information to the authorities if they suspect that their clients are participating in illegal activities and if they have evidence of criminal activity they should ‘freeze’ the movement of money.
This leak shows how money laundering took place in some of the world’s largest banks and how criminals used British anonymous companies to hide money.
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