http://www.bbc.co.uk/news/uk-23565506
What are they at?
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| 'Havoc' as HSBC prepares to close diplomatic accounts http://www.x404.co.uk/forum/viewtopic.php?f=19&t=19595 |
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| Author: | pcernie [ Sun Aug 04, 2013 6:50 pm ] |
| Post subject: | 'Havoc' as HSBC prepares to close diplomatic accounts |
http://www.bbc.co.uk/news/uk-23565506 What are they at?
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| Author: | Amnesia10 [ Sun Aug 04, 2013 11:28 pm ] |
| Post subject: | Re: 'Havoc' as HSBC prepares to close diplomatic accounts |
I think what should happen if they are unable to open accounts is that the central bank of the country should provide banking services instead. HSBC have only themselves to blame for the problems that they have. |
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| Author: | ShockWaffle [ Mon Aug 05, 2013 2:36 am ] | |||||||||
| Post subject: | Re: 'Havoc' as HSBC prepares to close diplomatic accounts | |||||||||
They are causing a scene. Having been done for sanctions busting and so on, they are now closing any account that could potentially get them into similar difficulties ever again. Diplomatic accounts have been involved in all sorts of money laundering over the years. Barclay's is doing something similar by closing the UK accounts of companies that remit money to places like Somalia. In theory it could be funding Al Qaida and pals. http://www.thisisafricaonline.com/News/ ... ss?ct=true In reality that cash is not funding Al-Shabaab; it's keeping tens of thousands of children fed and in school. But neither bank can be prosecuted for closing risky accounts, whereas they can be shut down if one gets misused. |
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