Hezbollah profits from US drug market via Mexico cartel
Beirut bank seen as a hub of Hezbollah’s drug money financing
What if we scrubbed Wachovia like we did the Lebanese Canadian Bank?
Indeed.
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Egypt’s former interior minister, Habib el-Adli, was sentenced to 12 years in prison for profiteering and money laundering, the state-run Nile News reported. When will there be criminal indictments against banksters who launder money here? Wachovia got a slap on the wrist fine for laundering drug cartels billions. Yet no one went to prison. The vice chairman of SunFirst Bank, a small bank with four branches in southern Utah, was released from jail Monday after surrendering his passport. He will stand trial on federal money laundering charges for using the bank to process money from online poker sites in exchange for a $10 million investment in the bank [...] The Observer provides an excellent summation of a story we’ve long followed here, about how a major US bank laundered drug cartel money. You would expect Wachovia executives would have been arrested and gone to prison but no, the bank (now owned by Wells Fargo) just received a slap-on-the-wrist fine and promised to sin [...] Not surprisingly, Las Vegas is a “money laundering paradise.” There have been multiple high-profile drug busts with accompanying money laundering charges. The Las Vegas Review Journal profiles an IRS agent who helped the DEA make some of the busts. Of course money laundering is something Las Vegas has much experience with (oh gosh, I [...] On December 12th court documents came to light detailing new money-laundering allegations against the Institute for Religious Works (IRW), otherwise known as the Vatican Bank. Italian prosecutors are claiming that the bank has repeatedly and deliberately ignored EU rules against money laundering, and even aided the Italian Mafia. This isn’t new. There was a major [...] Bank Info Security “It is easy to forget and/or never really truly understand why this is such an important issue if you only see anti-money laundering as a paperwork detail,” Sullivan says. “Just look at what is going on at the border currently; you have got the drug lords and their gangs who [...] Pedophile priests, a deeply dirty Vatican Bank, vicious and nasty coverups where they slime the victims – and now this. Truly, the Catholic Church is either an inspiration or a continuing criminal enterprise. I forget which. But we’ll have none of those tacky criminal indictments, just more wrist-slaps and fines. After all, we can’t be roiling the markets by implying that banksters are gangsters. Oh, wait… Italian authorities seized $30 million from a Vatican bank account Tuesday and said they have begun investigating top officials of the Vatican bank in connection with a money-laundering probe. The Vatican said it was “perplexed and surprised” by the investigation. This isn’t the first time. The Vatican Bank scandal of the 1980′s resulted in [...] |  | ||||
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