zlacker

>>eswat+(OP)
> But more than a year later, D.M. was so dissatisfied with the bank’s response that

I only recognize the HSBC name from scandals in the news: https://en.wikipedia.org/wiki/HSBC#Controversies

>>neilv+p6
Look at any wiki article on any major global bank, the chapter about 'controversies and legal issues' is always a thick list, HSBC ain't worse or better than others.

There are no good guys there, that's not why the business was set up and corresponding folks were/are hired. If you want more controls, enforce more regulations, they do work if well defined.

>>saiya-+X7
> HSBC ain't worse or better than others

Money laundering does seem to be their choice in poisons.

>>JumpCr+A8
That's because they are one of the most global bank, therefore a prime choice when it comes to moving money from countries to countries. Most bank have a much smaller global footprint and can't be used as such.

Banks don't benefit from their customer laundering money just like landlords don't benefit from drug trafficking in their building: it's a hindrance and it costs a lot to do anything about it.

Source: I work on AML in a global bank.