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  1. HSBC got away with buying cocaine plane

    10 February 2015
    Other news

    A money-laundering investigation as big as the bank itself ended with a deferred prosecution agreement that allowed HSBC to escape criminal charges and suffer only a fine. This while the US Department of Justice was jailing non-bankers by the dozen for laundering drug money, including cash from the Sinaloa cartel, which had been a prime HSBC co-conspirator. HSBC got a pass on helping the Sinaloa bunch acquire an airplane that was used to smuggle drugs by the ton. (See also: HSBC has form: remember Mexico and laundered drug money)

  2. mdle-5-drug-law-enforcement-financial-investigation-strategies

    Drug law enforcement and financial investigation strategies

    31 August 2013

    Since the 1980s, there has been a major push in rhetoric and institution-building, emphasizing the centrality of attacking the financial lifeblood of drug trafficking networks and organised economic crimes. Much progress has been made in legislation and the creation of financial intelligence units. However, there are volumes of commentary and legal analysis, but almost nowhere in the world is there any systematic analysis of law enforcement or criminal justice inputs or outputs, let alone of outcomes in terms of reduced crimes of any kind or reduced harms arising from the ‘organised’ nature of crime.

  3. mdle-5-drug-law-enforcement-financial-investigation-strategies

    Drug law enforcement and financial investigation strategies

    31 August 2013

    Since the 1980s, there has been a major push in rhetoric and institution-building, emphasizing the centrality of attacking the financial lifeblood of drug trafficking networks and organised economic crimes. Much progress has been made in legislation and the creation of financial intelligence units. However, there are volumes of commentary and legal analysis, but almost nowhere in the world is there any systematic analysis of law enforcement or criminal justice inputs or outputs, let alone of outcomes in terms of reduced crimes of any kind or reduced harms arising from the ‘organised’ nature of crime.

  4. hsbc

    Deficiencies in financial oversight enable money laundering

    Tom Blickman
    15 May 2013
    Other news

    In July 1989, the leaders of the economic powers assembled at the G7 Paris summit decided to establish a Financial Action Task Force (FATF) to counter money laundering as an effective strategy against drug trafficking by criminal ‘cartels’. However, since the inception of the international anti-money laundering (AML) regime there is a growing awareness that the regime is not working as well as intended.