Difference between revisions of "Money laundering"
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==Official narrative== | ==Official narrative== | ||
| − | Money laundering is perhaps most closely associated with the [[illegal drug trade]], which creates huge cash profits. The [[official narrative]] of money laundering suggests that [[bank]]s oppose money laundering, and seek to prevent it. This overlooks their obvious commercial interest in encouraging profitable transactions. | + | Money laundering is perhaps most closely associated with the [[illegal drug trade]], which creates huge cash profits. The [[official narrative]] of money laundering suggests that [[bank]]s oppose money laundering, and seek to prevent it. This overlooks their obvious commercial interest in encouraging profitable transactions. |
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| + | ==Failure to prosecute== | ||
| + | The [[deep state]] needs the support of big banks to assist in laundering money from its [[illegal drug trade]]. All the largest banks have extensive involvement with drug money, but prosecution is not anticipated. As the ''[[New York Times]]'' put it in 2012: "Federal and state authorities have chosen not to indict [[HSBC]], the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system."<ref>http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?ref=business</ref> | ||
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| + | As ''[[Rolling Stone]]'' notes: "the executives who spent a decade laundering billions of dollars will have to partially defer their bonuses during the five-year deferred prosecution agreement."<ref>http://www.rollingstone.com/politics/news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213</ref> | ||
==In US politics== | ==In US politics== | ||
Revision as of 14:23, 3 November 2015
Contents
Official narrative
Money laundering is perhaps most closely associated with the illegal drug trade, which creates huge cash profits. The official narrative of money laundering suggests that banks oppose money laundering, and seek to prevent it. This overlooks their obvious commercial interest in encouraging profitable transactions.
Failure to prosecute
The deep state needs the support of big banks to assist in laundering money from its illegal drug trade. All the largest banks have extensive involvement with drug money, but prosecution is not anticipated. As the New York Times put it in 2012: "Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system."[1]
As Rolling Stone notes: "the executives who spent a decade laundering billions of dollars will have to partially defer their bonuses during the five-year deferred prosecution agreement."[2]
In US politics
Sibel Edmonds has suggested that Dennis Hastert received a lot of money in small donations (<$200) so that he did not have to disclose their origin. Between April 1996 and December 2002, un-itemized personal donations to the Hastert for Congress Committee amounted to $483,000, higher than anyone else with the exception of Clay Shaw.[3]
Examples
| Page name | Description |
|---|---|
| Azerbaijani laundromat | Complex money laundering operation run by Azerbaijan uncovered in 2017. |
| Danske Bank/Money laundering scandal | |
| John Deuss | "One of the most successful international wheeler-dealers of recent decades" who lived "a charmed life on the edge" with help from the UK and US deep states |
| Bola Tinubu | US intelligence asset? |
| Western Global Airlines N545JN | 67 tons of cash and a body found on a CIA plane. Not known to have been reported by corporate media in Europe or North America. |
| Gerrit Zalm | Dutch politician. Shell. Attended the Bilderberg in 2014, personally prosecuted for money laundering at ABN AMRO Bank. |
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| George Carlin | “Drug dealers aren’t afraid to die. They’re already killing each other every day on the streets by the hundreds. Drive-bys, gang shootings, they’re not afraid to die. The death penalty doesn’t mean anything unless you use it on people who are afraid to die. Like… the bankers who launder the drug money! The bankers. Who launder. The drug money! Forget the dealers, you want to slow down that drug traffic, you got to start executing a few of these fucking bankers.” | George Carlin | |
| John Deuss | “An international warrant had been issued for Mr Deuss's arrest after a bank he owns on Curaçao, in the Dutch Antilles, was closed last month during an Anglo-Dutch investigation into carousel fraud. British Customs officials had discovered that every individual arrested and charged with the fraud in the UK in the previous two years had an account at the First Curaçao International Bank (FCIB). Since raiding its headquarters and freezing its assets, investigators have discovered that about 2,500 British citizens suspected of carousel fraud hold accounts there.” | John Deuss | 16 October 2006 |
| Supranational deep state/History | “The Safari Club needed a network of banks to finance its intelligence operations. With the official blessing of George Bush as the head of the CIA, Adham transformed.. the Bank of Credit and Commerce International (BCCI), into a worldwide money laundering machine.” | Joseph Trento | 2005 |
Convicted of Money laundering
| Person | Born | Nationality | Summary | Description |
|---|---|---|---|---|
| Evelin Banev | 8 October 1964 | Bulgaria Turkey Ukraine | Drug trafficker | Bulgarian "cocaine kingpin". |
