Standard Chartered could lose banking license on possible money laundering charges

August 6, 2012 by · Leave a Comment
Filed under: Legal News 

The bad news just keeps coming.  On the heels of HSBC having possible terrorism funding links, now Standard Charter look to have violated the sanctions on Iran by the order of $250 BILLION in transactions that should not of happened, this is even after the said they cuts ties with the Iranian Government in 2007.  When are we going to hand down the “Rule of Law” and make it apply to everyone?   How long are the antics going to be tolerated by the general public.

We are now calling outright “Fraud”, “Mis-selling” to make it sound not so bad.   White collar crimes are the worst of the bunch in my book because it involves people who have the means and intelligence to know better but choose to commit crimes.   If I go rob a store, I can’t go into court and settle without admitting guilt.   Some of these crimes I read about daily, show nothing but guilt but we can’t seem to be able to put anyone in jail.   Are we that captured as a society?   Do we really not have the spine and gut to do what needs to be done regardless of the cost?    I want everyone to ask themselves these questions tonight and think about that every-time you read another one of these stories.

I try everyday not to become numb to this because I believe we will have a moment of clarity and then and only then we will see meaningful change.   In my opinion, this is the civil rights issue of our time.   Will the civil have the same laws as the privileged and will the sword of justice come down equally on both groups of class?

WSJ – British banks just can’t seem to stay out of trouble with U.S. regulators. Barclays paid a huge fine for its role in manipulating Libor. HSBC then came unstuck on money-laundering charges. Now it is Standard Chartered’s turn.

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