In 2014, the bank closed the account of north London`s Central Mosque and many of its muslim clients and groups. [182] [183] [184] [185] [186] [187] Several sources indicate that this is because funds were used to fund Hamas-linked charities during the 2014 Israel-Gaza war. [188] [189] For more than a decade, U.S. authorities have been fighting tax evasion at sea hard, and several other banks have come forward to admit misconduct. UBS paid US$780 million after it said in 2009 that it helped thousands of clients defraud the IRS. Credit Suisse entered into a $2.6 billion agreement in 2014. Eighty other Swiss banks escaped U.S. prosecution by agreeing to pay $1.37 billion in penalties and voluntarily disclose their offenses, according to Bloomberg. In July 2016, the U.S.
Department of Justice indicted two HSBC bank executives for an alleged $3.5 billion monetary system usurped by HSBC customers and „manipulated the foreign exchange market to use itself and its bank.“ [157] „Mark Johnson and Stuart Scott, both British citizens, are charged.“ [158] „Johnson was arrested late Tuesday [July 19, 2016] at New York`s JFK International Airport.“ [158] „Stuart Scott, who until December 2014 was HSBC`s European head of currency trading in London, is charged with the same crime. Scott was the subject of an arrest warrant. [157] Mark Johnson has been convicted in nine cases of wire fraud and conspiracy to defy in connection with the conduct of foreign exchange transactions of HSBC clients. [159] In October 2020, HSBC committed to achieving emission-free emissions by 2050, for example.B. hsbc would not only become climate neutral by this year, but it would also cooperate with climate-neutral customers. The ICIJ claims that the bank has benefited from transactions with tax evaders and other customers. [76] The BBC reported that the bank pressured the media not to cover the controversy, with the British newspaper The Guardian claiming that bank advertising had been „stopped“ following the Guardian`s media coverage. [155] Peter Oborne, chief political commentator for the Daily Telegraph, resigned from the newspaper and claimed in an open letter that the newspaper had suppressed negative stories and closed the investigation into HSBC over the bank`s advertising. [156] In June 2014, a 100% indirect subsidiary HSBC Life (UK) Limited agreed to sell its £4.2 billion to Swiss Re. [75] In February 2015, the International Consortium of Investigative Journalists published information about HSBC`s business practices under the title Swiss Leaks, based on hsbc account statements of whistleblower Hervé Falciani, hacked in 2007. The ICIJ claims that the bank has benefited from transactions with corrupt politicians, dictators, tax evaders, blood diamond traffickers, arms traffickers and other customers. [76] In 2012, U.S. Senate investigators requested statements of hacked HSBC accounts from Falciani and French authorities, but never received the data.
[77] In August 2011″ to welcome our United States…