• 3:11 - 5:14
THC 88: Duncan Trussell | Fear & Mindfulness In The Internal Universe
HSBC Money Laundering Scandal, Mexican Drug Cartels and DOJ Leniency
Journalist Matt Taibbi reported in Rolling Stone on the HSBC banking scandal, where the institution was found to be knowingly laundering money for Mexican and Colombian drug cartels. Despite evidence of cartels designing cash boxes specifically to fit bank teller windows, the Department of Justice declined to pursue criminal charges against individuals. The bank received a fine that critics describe as a "slap on the wrist" intended to maintain public confidence in the financial system.