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Mexican Cartels and Arab banks linked to terrorist using HSBC for Money Laundering

Mexican Cartels and Arab banks are linked to terrorist groups in the center of a broad investigation into money laundering and suspicious flow the U.S. Senate announced yesterday, which would be involved British Executives of financial firm HSBC Holdings.

Mexican Cartels and Arab banks are linked to terrorist and money laundering

Mexican Cartels and Arab banks are linked to terrorist

The 400-page report resulting from the review of 1.4 million documents, said that a culture “contaminated” at HSBC Holdings allowing the bank to act as clients receiving financial dark backgrounds from places like Mexico, Iran, the Cayman Islands Saudi Arabia and Syria have also worked on transactions with countries facing international sanctions as North Korea, Cuba and Iran.

Executives at HSBC Holdings incurred in risky behavior in pursuit of profit, explained The Wall Street Journal. The New York newspaper quoted a Justice Department investigation of the U.S. government which asks whether these officials were complicit in hiding large amounts of money from drug cartels for the purpose of washing.

For Mexico, according to testimony from people familiar with the research cited by the WSJ, photographs taken by officers show “holds money in cash,” what prosecutors said is indicative of the high volume of transactions that had “light bulbs alarm.”

HSBC executives being investigated

They are designated as accomplices to hide large amounts of money from drug cartels in Mexico

British bank HSBC Holdings has been used by Mexican drug trafficking that seeks to introduce cash into the United States, according to a Senate report disclosed that country last night.

This information coincides with a Justice Department investigation that the U.S. government is investigating whether bank executives were complicit in hiding large amounts of money from drug cartels in Mexico for the purpose of washing, as well as having financial ties detected with international terrorist groups, according to the newspaper announced the Wall Street Journal .

The Justice Department made a probe to see if “bank officials were complicit in the drug cartels by allowing them to hide flows of large amounts of cash between the U.S. and Mexico,” the newspaper said.

According to testimony from people close to the investigation, show photographs taken by agents’ warehouses of cash, “which prosecutors said is indicative of the high volume of transactions that had” red flags start given the size of the operation HSBC in Mexico. “

As part of the work carried out by the Department of Justice, bank officials acknowledged flaws in its legitimate business of transferring cash from its customers, a kind of operation that no longer do.

The paper focused on the Department of Justice and HSBC have accelerated their search for an agreement to resolve the criminal investigation, which could be reached during the coming weeks.

A meeting with bank executives is scheduled for the U.S. Senate to discuss topics related to criminal investigation, which focused on “lax compliance with regulations” in its international units.

This failure may have been used for a “potential terrorist financing and drug cartels to launder illicit profits,” the note signed by Evan Perez.

In a message sent to employees in recent days, the executive director of HSBC, Stuart Gulliver, acknowledged mistakes. “We failed to detect and control unacceptable” practices, he said.

The United States government had warned banks need to closely monitor their business of large amounts of cash into Mexico, particularly those relating to currency exchange houses.

Also added to the remarks of U.S. officials at Bank of America for allegedly laundering money for Mexican criminal organization Los Zetas , released last week by The Wall Street Journal .

Relation to terrorism

HSBC Holdings was also reported by customers receiving funding from dark backgrounds places like Mexico, Iran, Cayman Islands, Saudi Arabia and Syria.

For example, detailing the alleged vínculoscon a bank in Saudi Arabia related to terrorist organizations and act as financiers of Iranians who tried to evade EU sanctions, according to a report by the U.S. Senate, which published The New York Times.

“The culture at HSBC was contaminated for a long time,” said Sen. Carl Levin, chairman of the Permanent Subcommittee on Investigations United States Senate, a congressional watchdog.

The report said that a successful executive of HSBC suggested resume negotiations with the bank Al Rajhi’s whose founder has been for a long time benefactor of the terrorist group Al-Qaeda. The New York newspaper noted that, ultimately, the American part of HSBC supplied with billions of dollars to the Saudi bank.

The newspaper outlined allegations of HSBC to cooperate in transactions with countries facing sanctions as North Korea, Cuba and Iran, and in some cases circumvent the laws in the pursuit of profit.

In Iran’s case found that the bank provided 25 000 questionable payments between 2001 and 2007 and that “in some cases executives of HSBC Holdings advised Iranian financial institutions on how to evade filters U.S. regulators.”

Accept mistakes and tighten security features

HSBC executives will appear before the U.S. Senate to clarify its position regarding the process followed in that country for alleged money laundering and financing of terrorism attributed to the bank.

The financial firm said in a statement: “We will recognize that in the past, our standards were not as expected by regulators and customers.”

With this, came forward to what will be their response to the Permanent Subcommittee on Investigations of the Senate of the United States.

“We apologize, we will recognize these errors, accounting of our actions and commit ourselves completely to fix what went wrong.

“We learned a lot from working with the Subcommittee and U.S. regulatory authorities in this case, and we recognize that our controls could and should be stronger and more effective to identify and confront unacceptable behavior,” he added.

HSBC will undertake concrete steps to strengthen internal controls, he said.

 
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Posted by on 07/18/2012 in Crime!, Money Laundering, Terroism

 

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“hacktivists” of Anonymous plan attack on Twitter!

"hacktivists" of Anonymous plan attack on twitter!

"hacktivists" of Anonymous plan attack on twitter!

MADRID, January 27 .- The decision of Twitter to have the power to censor content in some countries, having been the banner of Arab spring, has let its users and has angered “hacktivists” of Anonymous, who call to boycott tomorrow’s network of “microblogging”.

“Starting today, we provide the ability to block content retroactively in a particular country,” and announced that the California company has developed a system of censorship to prevent messages that may be inappropriate in some cultures or states can be read in those places where “authorized entities” request.

The decision has provoked many reactions in the very heart of the social network, where the theme “@ censúrameesta, Twitter” was one of the most discussed.

The suspicion that the company, until now a staunch defender of freedom of expression on the Internet, has bowed to the wishes of certain government censors in order not to slow its international expansion and articles filled tweeted technology media.

“Unfortunately, it is a logical step for a platform that wants to be accepted worldwide. Some companies are forced to make serious concessions in the way they do business to satisfy the whims of business tycoons, secret police and religious leaders. Twitter just do one of these concessions, “the magazine claimed” TechCrunch. “

In that line, “Mashable” launched into the air the question: “Should governments commit Twitter censors for the sake of global expansion?”.

And, in part, Twitter gave them the right in his statement: “As we expand internationally, we have presence in countries that have different conceptions about the contours of freedom of expression.”

From the group of “hacktivists” Anonymous asks what you would expect from a company they have invested barons of Saudi Arabia and asked the tweeters do not have access to the network of “microblogging” on Saturday in protest of this new policy.

For some users, this decision is a “betrayal” by a company that has been crucial to the success of the Arab riots of spring and achieve “the tyrants die of fear” in 2011, holding the tweeters @ iyd_elbaghdadi.

And is that just a year ago the California company claimed that its aim was to connect people around what they consider important, and that freedom of expression is “essential.”

Richard Walters, the “Financial Times“, try to find the key: “Twitter will be fighting for their users, and not give in every time you run into local resistance, which will determine whether it remains one of the means of world’s most open communication. “

 
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Posted by on 01/28/2012 in Crime!, Internet

 

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Mexican drug cartels move $50 billion in bulk product and bundled cash across the border!

 

Manssor arbabsiar

Manssor arbabsiar

 

This undated image provided by the Nueces County Sheriff’s Office shows Manssor Arbabsiar. The Obama administration on Tuesday, Oct. 11, 2011 accused agents of the Iranian government of being involved in a plan to assassinate the Saudi ambassador to the United States. Secretary of State Hillary Rodham Clinton said the thwarted plot would further isolate Tehran.

The supposed Iranian plot to assassinate Saudi Arabia’s Ambassador to the United States hoped to involve a Mexican drug cartel but thankfully the solicited man was a DEA informant which resulted in the terror bust. However, the case raises the question whether a narco organization would entertain dirty work for Muslim terrorists. Unfortunately, the answer is a likely yes.

Indeed, the Mexican drug cartels in fact already have engaged in terrorist acts against American officials on both sides of the border: in March 2010 the Juarez cartel whacked U.S. consulate employee Lesley Ann Enriquez and her husband El Paso sheriff’s deputy Arthur Redelfs as they were returning home from a child’s birthday party in Ciudad Juarez; in December 2010 the Sinaloa cartel murdered U.S. border patrol agent Brian Terry in southern Arizona; and in Feburary 2011 Los Zetas killed ICE agent Jaime Zapata and wounded his partner who were driving along a highway in the state of San Luis Potosi in a vehicle with U.S. diplomatic tags.

The drug cartels long ago diversified their rackets to pursue any illicit activity from which they can profit ranging from cargo theft to sex trafficking. Engaging in murder-for-hire or other atrocities on behalf of a terrorist group simply would be another revenue stream for the crime groups which already have demonstrated their cavalier willingness to target U.S. officials. Indeed, it’s not simply the drug cartels themselves which are a threat but further include any splinter group or rogue member within the larger organization willing to engage in some freelance work with a side deal.

The Mexican drug cartels move $50 billion in bulk product and bundled cash across the border each year, and they have well-entrenched supply lines, distribution networks and operational cells in hundreds of cities across the United States. Law enforcement and security officials long have known that the porous border and the cartel network have been the weak links in U.S. security, and now it’s time to stop denying the threat that the narco traffickers pose and start taking them down.

 
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Posted by on 10/14/2011 in Crime!, Mexican Drug Cartels

 

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