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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. inSenC+n7[view] [source] 2024-02-06 18:22:04
>>eswat+(OP)
HSBC soon to be RBC. This is not very surprising, a lot of this also gets facilitated by the independent mortgage brokers who get ppl through the system with some 'creative coaching'.
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2. fakeda+uf[view] [source] 2024-02-06 18:52:52
>>inSenC+n7
Lol no. HSBC has always had a much worse reputation than RBC, or any other bank for that matter. HSBC and Standard Chartered are amongst the worst international offenders when it comes to fraud and money laundering.
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3. peterl+8q[view] [source] 2024-02-06 19:35:59
>>fakeda+uf
Exactly. HSBC was laundering money for Mexican and Colombian drug cartels and fined $1.9 billion by the US government, which is one of the largest penalties ever imposed on a bank for breaking U.S. law.

Deutsche Bank fires pretty high on the fraud meter as well.

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