Wednesday, 3 January 2018

HSBC - Gangsters of Finance

An excellent documentary about the power of HSBC to threaten governments with global financial instability if they are fined too much for taking drug money over the counter in Mexico and elsewhere.

You and I have a limit on how much cash we can deposit or take out each day without triggering alarms, but HSBC made it easy for drug cartels by turning a blind eye.

Ultimately it came down to a dispute between the Department of Treasury and The Justice Department with The Treasury winning.

This documentary is worth watching for the excellent photography which has a European flavour rarely seen in the UK as the production is ARTE.