HSBC helped Bangladesh banks fund al-Qaeda

[kalu_miah]

HSBC helped Bangladesh banks fund al-Qaeda

HSBC helped Bangladesh banks fund al-Qaeda | Business | bdnews24.com

Tue, Jul 17th, 2012 4:57 pm BdST


Dhaka, July 17 (bdnews24.com)—The US division of HSBC bank provided money to some banks in Bangladesh which are believed to have helped fund terrorist organisations, said a report of the US senate published on Monday.

According to the US senate report, HSBC provided money and bank service to Bangladesh Islami Bank and Social Islami Bank, which the report identified as banks suspected to have involvement in raising fund for terrorist organisations.


bdnews24.com/eh/bd/1542h

"Suspected to have", lets wait till it is "proven to have", till then it is hot air, not worthy of a thread.

 

[Zabaniyah]

China is brewing a $hit storm in its own neighborhood. and Karma is never forgetting and never forgiving.

a case will be made,evidence collected ,and then they will get morally as well as geopoliticaly cornered. Karma will do the rest.

HSBC is British.

 

[Sashan]

Every bank need to have a anti-money laundering compliant program in place and it is normally automated through software. In addition, employees above a certain rank are trained in identifying suspicious transactions and have to get certified every year even if they are in supporting organizations. Either HSBC is callous or deliberately laundering drug money and rogue nations' money. But as per the news, employees in London knew that suspicious transactions and allowed it. That is a criminal offence. As for whether Bangladesh banks were involved, only investigation will throw the light as the money laundering itself happens at multiple steps instead of 1 or 2 steps.

 

[Cheetah786]

=idune;3196832]Islam i Bank has no involvement of Jammat what so ever and no member of Jammat is part of it. Good part, around 35% of Islami bank Bangladesh own by AL Raji group of KSA. Offcourse ghoti like CaPtAiN_pLaNeT who is in thick of Awami fanboy activity would not know that.

you say that the bank is owned by Group from K S A then you go one to say that no jammati is part of the Islami Bank?

Al Raji group was founding partner of Islami Bank of Bangladesh way back in 1983. Much before even Al Qaeda existed.

were you one of the founding member that you no exactly when they started or you are again speculating.

So US senate is just making wild accusation based on no proof. If fact they should go and fight with Al Raji group in KSA and see how much guts US senate has? That is where US senate should go, Bangladesh Islami Bank has nothing to do with Senate fabrication. $60 billion arms deal will go away and these senators who are harping will loose re election bid because of millions of job loss. I dare Us senate does that.

HA HA ha ha House of Saud will cancel the order and upset their Masters now this is even funnier then black eagles post didn't think any body can out do him but to my amazement you did.

"Suspected to have", lets wait till it is "proven to have", till then it is hot air, not worthy of a thread.

WASHINGTON, July 17 (On-line reports): HSBC will apologise to the US Senate after an investigation claimed that the bank was being used to launder dirty money around the world.

In a statement, Europe's largest bank, said it expected to be held accountable for what went wrong.

HSBC is to appear before the Senate on Tuesday at 09:30 local time (13:30 GMT).

Last Monday, a Senate report said that suspicious funds from countries including Mexico and Syria had passed through the bank.

The report of the US Senate Permanent Subcommittee on Investigations: Committee on Homeland Security and Government Affairs, headed by Senator Carl Levin, has been put on the Website.

Among a number of banks listed in the report are two Bangladesh banks -- Islami Bank Bangladesh Ltd (IBBL) and Social Islami Bank Ltd (SIBL), mentioned as HSBC's "Serving other banks with suspected links to terrorism."

"We will apologise, acknowledge these mistakes, answer for our actions and give our absolute commitment to fixing what went wrong," HSBC said in a statement.

 

[notsuperstitious]

First: Senate report says " suspected to have involvement" but they have No evidence of that. Islami Bank provided all data on their transaction requested by US authorities and they found nothing.

Second: Islami Bank Bangladesh does not do fund raising, like western bank. Islami bank Bangladesh purely operates on deposits and use that as loan.

If anyone can take US senate to take to court they will loose hand down.

On the second point, fund raising in respect to anti money laundering and terrorist funding context means making banks operations available for such activities without having the necessary systems in place to identify and report such activities.

I also do not know what you mean by 'not do fund raising, like western bank', but going by your past posting, its safe to assume you have no idea what you are saying and just trying to come up with the usual rants and general rubbish.

Interestingly, pakistan linked habib bank recently was fined by the british regulator for the exact same reasons and their pakistan origin compliance officer fined too.

 

[Chinese-Dragon]

China is brewing a $hit storm in its own neighborhood. and Karma is never forgetting and never forgiving.

a case will be made,evidence collected ,and then they will get morally as well as geopoliticaly cornered. Karma will do the rest.

Look at this Indian obsession with China.

HSBC moved its headquarters to London more than 10 years ago, it a British bank.

In fact, it is the biggest bank in Europe.

 

[kalu_miah]

'Islami Bank, SIBL linked to terror financing'
Mir Quasem denied bail | Bangladesh | bdnews24.com

Daily Star is definitely a RAWami Newspaper. There is some connection between political persecution that is going on in the name of War Crimes trial. Mir Quasem, Jamat and Islami Bank are all related. So, I think RAWami's may have provided false evidence or statements to the US about their "terrorist Al Qaeda" connection, in an effort to marginalize them.

RAWami propaganda in action, to put the label of terrorism on Bangladesh, so they can keep their "secular" rule in next election. This is a new but also old line of attack by RAWami Indian agent traitors.

 

[Roybot]

'Islami Bank, SIBL linked to terror financing'
Mir Quasem denied bail | Bangladesh | bdnews24.com

Daily Star is definitely a RAWami Newspaper. There is some connection between political persecution that is going on in the name of War Crimes trial. Mir Quasem, Jamat and Islami Bank are all related. So, I think RAWami's may have provided false evidence or statements to the US about their "terrorist Al Qaeda" connection, in an effort to marginalize them.

RAWami propaganda in action, to put the label of terrorism on Bangladesh, so they can keep their "secular" rule in next election. This is a new but also old line of attack by RAWami Indian agent traitors.

You just said Rawami four times in five sentences Tourette's?

I hope all the Jamatis in America are put under the scanner], they are the new Al Qaeda. All of them and their sympathizers should all be sent to Guantanamo Bay

 

[kalu_miah]

You just said Rawami four times in five sentences Tourette's?

I hope all the Jamatis in America are put under the scanner], they are the new Al Qaeda. All of them and their sympathizers should all be sent to Guantanamo Bay

In your dreams Hindutva Royboy.

 

[Roybot]

In your dreams Hindutva Royboy.

They are coming for the jamaati terrorists. I hope homeland security is keeping an eye on the Jamaatis in America.

 

[kobiraaz]

Lol look at some comments , Jamatis are new Al Qaeda!!! Troll king!

 

[M_Saint]

'Islami Bank, SIBL linked to terror financing'
Mir Quasem denied bail | Bangladesh | bdnews24.com

Daily Star is definitely a RAWami Newspaper. There is some connection between political persecution that is going on in the name of War Crimes trial. Mir Quasem, Jamat and Islami Bank are all related. So, I think RAWami's may have provided false evidence or statements to the US about their "terrorist Al Qaeda" connection, in an effort to marginalize them.

RAWami propaganda in action, to put the label of terrorism on Bangladesh, so they can keep their "secular" rule in next election. This is a new but also old line of attack by RAWami Indian agent traitors.

Its editor, Mahfouz Anam was a diehard commie activist and few of the first supporters of the MUA's take over. Please note that I didn't leave the commentary of a single Jamaati court day and found out that RAWamy/Commie completely got exposed, caught lying/concoctions with their pants down and ran out of capital. So, they had to import boggy AQ as a game changer. And RAWAMY providing false evidence wasn't new as matari SHK frothed in U.S at around 2002 that newly formed BNP/JI GOB had Talib ministers, while action against them were in full swing. She forgot that just ruled BD contained with 150 Mills of ex-subjects, whose lives would be jeopardized. So mass of Bonga Boltuami.. I guess.

 

[M_Saint]

They are coming for the jamaati terrorists. I hope homeland security is keeping an eye on the Jamaatis in America.

So a Bharati being appointed as new mouth piece of HLS, when millions are in jobless here? Oh I see... He is only praying for hired one to kill his enemy? Hasn't the hired one been played for too long and too much already? And for that hasn't the unpaid bill have mounted astronomically? Not buying MMRCA from the hired one, abandoning it after using to get nuke treaty-signed and not paying heed to its interest on going with sanction against Persian are just some of it?

 

[CaPtAiN_pLaNeT]

Actions against banks linked to terror fund: BB

Actions against banks linked to terror fund: BB | Business | bdnews24.com

Wed, Jul 18th, 2012 2:39 pm BdST


Dhaka, Jul 18 (bdnews24.com) – Bangladesh Bank has said it would take necessary action as per laws against the banks involved in money-laundering activities linked to terror financing as highlighted in a US Senate report.

"Bangladesh Bank had taken action against the incidents that took place in 2005 and 2007. We are investigating the role of HSBC and necessary action will be taken," said Deputy Governor S K Sur Chowdhury at the launching ceremony of Monetary Policy Statement for Jul-Dec period Wednesday.

US Senate Permanent Subcommittee on Investigations revealed that the US division of HSBC provided money and bank service to Bangladesh Islami Bank and Social Islami Bank (SIBL), which the report identified as banks suspected to have involvement in raising fund for terrorist organisations like al-Queda.

The central bank governor Atiur Rahman said they were analysing the report and proper action would be taken after scrutiny.

"We have strengthened the anti-money laundering capacity of the central bank," he added.

The Senate report published on Monday is the result of an investigation on London-based HSBC Holdings PLC by the Senate Permanent Subcommittee on Investigations.

bdnews24.com/ssz/sk/1410h

 

[Al-zakir]

Awami chamchas wet dream of banning jamat by hook or crook. Islamic bank of Bangladesh is the most success full bank and it's rising popularity among Muslims has become nightmare for Awami Bengali secular ghaddar league.