Topic: Hsbc

1 chapters across the catalog

28: Black Don't Crack
• 31:12 - 36:14

28: Black Don't Crack

HSBC Money Laundering and James Comey Board Membership

A discussion on the systemic nature of the drug trade highlights the 2012 HSBC settlement involving the laundering of billions for Mexican drug cartels. Former FBI Director James Comey is noted for his role on the HSBC board during the period when the bank was addressing these regulatory failures. Journalist Matt Taibbi's reporting is cited to illustrate the disparity in justice between street-level dealers and banking executives.