The bank, the largest in the UK, transferred money through its business in the United States to HSBC accounts in Hong Kong in 2013 and 2014, according to information in a confidential file.
The documents were ‘released’ 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 BBC channel.
This chain indicated today that the files now revealed detail what the bank’s role was in an investment fraud estimated at 80 million dollars (more than 67 million euros). HSBC has always maintained that it has fulfilled its legal obligations when reporting fraud.
The documents also show that the investment scam – known as the Ponzi scheme – started shortly after the British bank was sanctioned with a £ 1,400 million ($ 1,900 million or € 1,600 million) fine in the United States for credit operations. money laundering, when it committed itself to eradicate this type of practices.
According to the BBC, some of the investor lawyers who were misled in these transactions considered that the entity should have taken earlier measures to close the accounts of those responsible for the fraud.
The FinCEN files include 2,657 documents, including 2,100 suspicious activity reports (SAR), 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 engaging in illegal activities and if they have evidence of criminal activity they should ‘freeze’ the movement of money.
This leak shows how money laundering went on in some of the biggest banks in the world and how criminals used British anonymous companies to hide money.
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