{"id":1763,"date":"2020-09-21T06:16:46","date_gmt":"2020-09-21T06:16:46","guid":{"rendered":"https:\/\/businessner.com\/?p=1763"},"modified":"2020-09-21T08:11:45","modified_gmt":"2020-09-21T08:11:45","slug":"hsbc-allowed-scammers-to-transfer-millions-of-dollars","status":"publish","type":"post","link":"https:\/\/businessner.com\/hsbc-allowed-scammers-to-transfer-millions-of-dollars\/","title":{"rendered":"HSBC allowed Scammers to Transfer Millions of Dollars"},"content":{"rendered":"
HSBC, one the largest banks in the world, moved millions of scammers money regardless of the warning, BBC reported Sunday<\/a>.<\/p>\n According to a leaked file, HSBC allowed scammers to move dollars around the world even though they had the idea that it was a Ponzi scheme<\/a>. The money was moved from the U.S business to the Hong Kong HSBC accounts, the report says.<\/p>\n The leaked documents, also known as the FinCEN<\/a> files, are the details of the bank’s “suspicious activity reports.”<\/p>\n The reports had clear indications that HSBC invested in a Ponzi scheme just after a $1.9 billion fine in the U.S over money laundering.<\/p>\n However, HSBC claimed that they already reported the activities to meet the legal duties. The documents showed another large bank in the U.S supporting HSBC to move $1 billion.<\/p>\n 2,657 leaked documents were reported as FinCEN Files where 2,100 files were marked as suspicious activity reports (SAR).<\/p>\n The documents cover transactions between 2000 and 2017 which worth $2 trillion. The SAR\u2019s documents were shared with the International Consortium of Investigative Journalists (ICIJ) and Buzzfeed<\/a>.<\/p>\n\n
How HSBC got Involved with Scammers?<\/h2>\n