{"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