|UK Bank Allegedly Launders $250bn for Jihad|
|by Tom McGregor||Mon, Aug 6, 2012, 06:31 PM|
New York’s financial regulator is investigating the London-based bank, Standard Chartered, for allegedly helping Muslim Militants launder $250 billion to launch a global jihad.
According to the Houston Chronicle, “State Financial Services Superintendent Benjamin Lawsky signed an order that requires London-based Standard Chartered Bank to answer his questions following an investigation into ‘wire stripping,’ the practice of removing crucial identifiers in financial transactions.”
Standard Chartered responded to the investigation with this statement, “you f***ing Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”
As reported by the Houston Chronicle, “the bank conspired with its Iranian clients to route nearly 60,000 different U.S. dollar payments through Standard Chartered’s New York branch ‘after first stripping information from wire transfer messages used to identify sanctioned countries, individuals and entities.”
Standard Chartered also enjoyed receiving millions of dollars in banking fees for the transactions when such trade was restricted.
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