Arizona Drug Cartels Files*Link HSBC Holdings Plc Carroll Trust Scandal

Arizona Drug Cartels Files*Link HSBC Holdings Plc Carroll Trust Scandal – A source close to the investigation against HSBC Holdings Plc said that the Department of Justice is looking to prosecute individual bankers. “I understand that they are meticulously doing interviews with one primary objective driven by the Justice Department on this case, which is to identify and prosecute any individuals within the bank for which the evidence will support such an action. Prosecuting individuals is their number one priorty,” the source said on condition of anonymity. The Justice Department initiated the investigation against HSBC because of bulk cash the bank received from money-changing firms in Mexico. Due to its receipt of this bulk cash HSBC is suspected of handling money belonging to the Mexican drug cartels. Although the Mexican drug cartels are a matter of national concern, Justice’s decision to prioritize prosecuting individual bankers may be motivated by another event hitting closer to the Department’s home. Some believe that if the bank is found to have laundered dirty money HSBC could pay a record one billion dollars fine as the Justice Department may look to make an example of the bank. The source who has direct knowledge of the probe which was disclosed last year said it is moving slowly in part because of the need for close examination for these individual prosecutions. He did not name any targeted individuals but revealed that theCarroll Foundation Trust one billion dollars offshore tax evasion money laundering case is believed to be …

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