According to the Guardian, more than half of laundered UK money through HSBC Bank
The Guardian learned of the withdrawal of laundered $ 740 million from Russia through British banks.
In 17 of the largest British banks, including HSBC, Royal Bank of Scotland, Lloyds, Barclays, Coutts, took nearly $ 740 million in the framework of the international scheme to launder money from Russia. This is evidenced by the investigation of journalists of the British newspaper The Guardian.
According to documents reviewed by the journalists of the newspaper, in this scheme, were withdrawn from Russia in 2010-2014 nearly $ 20 billion, but the amount may reach 80 billion dollars.
Investigators are trying to figure out who of the wealthy and politically influential citizens of Russia participated in the scheme, which the newspaper calls “the world of Laundry” (the Global Laundromat) and in which the money was transferred from Russia to the banks in Moldova and Latvia, and then headed to UK banks and the United States.
British banks investigators have addressed the question of why they didn’t stop questionable payments. Documents associated with the scheme were received in 2014, the Organized Crime and Corruption Reporting Project (OCCRP) and “Novaya Gazeta”, writes The Guardian.
We will remind, in December in Singapore fined two British Bank in the amount of 5.3 million dollars for money laundering during the financial transactions related to Malaysian state Fund 1Malaysia Development Berhad (1MDB).