Posted by Contributor on January 22, 2014

by Brett Wolf and Aruna Viswanatha

HSBC trades five weeks of profits to get away with laundering cartel money.

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HSBC is paying $2 billion, or 5 weeks' worth of its profit, to avoid criminal charges in drug cartel laundering case (via GlobalPost)

Enlarge Seized cash like the dollars and Mexican pesos pictured here is nothing compared to the multi-billion dollar empire of the Sinaloa cartel, which laundered its money through HSBC. The US has decided not to prosecute the bank, despite its business…

------ Photo: JuliusKielaitis / Shutterstock.com.

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