No longer can this be called the "Mexican" drug war...guns are flowing south across the US border as money flows north to be laundered by American banking corporations...Not to mention, Canada, the US and Europe are all their chief consumers....with over 50,000 dead now, I guess we all got some blood on our hands....
Watch an ABC News Video here.
Watch an ABC News Video here.
HSBC provided a conduit for "drug kingpins and rogue nations", according
to a US Senate committee investigating money laundering claims at the
bank.
Mr Levin said an audit had found that: "From 2001 to 2007, HSBC
affiliates sent almost 25,000 transactions involving Iran worth over
$19bn dollars through HBUS and other US accounts, while concealing any
link with Iran in 85% of the transactions. "
US government rules prohibit financial
transactions with Iran and certain other countries, the committee said
the bank's actions in getting round these had in some cases assisted
terrorism.
According to the Senate committee, HSBC accepted more than
$15bn in cash from subsidiaries in Mexico, Russia and other countries at
high risk of money laundering but failed to conduct any monitoring of
these bulk cash transactions between mid-2006 and mid-2009.
The report also found that HSBC knew of lax anti-money
laundering practices at its Mexican subsidiary HBMX, which had dated
back to its purchase in 2002.
READ FULL ARTICLE HERE...
Also here's another story about ANOTHER bank laundering Mexican drug money...
How a big US bank laundered billions from Mexico's murderous drug gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system....
On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico
as the sun was setting. Mexican soldiers, waiting to intercept it,
found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But
something else – more important and far-reaching – was discovered in the
paper trail behind the purchase of the plane by the Sinaloa
narco-trafficking cartel.
During a 22-month investigation by
agents from the US Drug Enforcement Administration, the Internal Revenue
Service and others, it emerged that the cocaine smugglers had bought... 
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