Leaked documents reveal major flaws in the global effort to curb money laundering.
Profits from drug wars, fortunes embezzled from developing countries and hard-earned savings stolen in a Ponzi scheme – all passed through banks like JPMorgan Chase and HSBC, a Buzzfeed and ICIJ investigation shows.
A US FinCen leak shows JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon moved illicit funds for nearly two decades even after being prosecuted or convicted for financial misconduct.
Leader Carrie Lam says a third of all infections since the outbreak started have been recorded in the last fortnight. HSBC, Standard Chartered and other banks are racing to close branches or curtail working hours after the spike in cases.
The vote came as people in Hong Kong marked the 31st anniversary of China sending tanks and troops to crush students' protests in Beijing's Tiananmen Square.
Police detained around 400 people for offences including unlawful assembly and possession of offensive weapons, in the protest which organisers said more than a million people attended.
The London-headquartered bank earlier announced the exit of CEO John Flint but gave no reason for the decision. It revealed it would axe two percent of its global workforce, or roughly 4,000 mostly management jobs.
Director of the Palestine Solidarity Campaign, Ben Jamal, says London-based HSBC has divested from Israeli drone manufacturer Elbit Systems after collective pressure that included 24,000 emails from people highlighting their concerns.
Ever since the US imposed sanctions on Iran, several individuals and institutions have violated them, but rarely has Washington taken as aggressive a stance as it has against Turkey.
Some big banks in the UK processed over 1,900 transactions involving laundered money worth $740 million, according to The Guardian newspaper.
Faced with falling oil prices, Saudi Arabia has come out with a radical plan to tackle its ailing economy. But for the conservative Kingdom, livelihoods, communities and the very nature of society are at stake.
Labour party revolts with resignations from shadow cabinet members; French far-right MP Le Penn calls for 'Frexit' as Scotland mulls ways to remain in EU.
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