KopTalk.com Forums Football Liverpool FC Forum Oh Dear Standard Chartered !!!!!!!

Nonesense there are international conventions on money laundering either they broke the rules or they did not. Fine is you want to blame it all on the USA why not its the default blame for lefties. Nothing I will ever say will convince you so you carry on. However on the BBC news today they were saying it could lose its trading licence. If so bye bye Standard Chartered and probably Liverpool's main sponsors. We would be one in a line of creditors it would be a huge blow for Liverpool.

Rafa as I understand it they have for 10 years been falsifying business documents and hid £250b of secret transactions. I don’t know how that compares to HSBC nor does it matter if I commit a crime that will not be mitigated by my pointing out to the judge some other person’s misdemeanour. From what I know of banking and I worked in it for 20 years that is pretty serious stuff dealing with dodgy clients (HSBC) is one thing deliberately falsifying records on such a scale is another level and I can well see some people being jailed for this in addition to the loss of the US licence which is 40% of their business. I don’t think they would survive that hit. As for Liverpool getting a better sponsor maybe they would maybe not. But having to hunt for a new sponsor before the new season starts would not be easy not would we be in a good negotiating position.

BBC SITE: (report to US senate committee)
hsbc hidden payments to iranian customoers
For example, HBUS carried out 28,000 undisclosed sensitive transactions between 2001 and 2007, an internal audit commissioned by the bank found. The vast majority of those transactions - worth $19.7bn - involved Iran.

Two affiliates, HSBC Europe and HSBC Middle East repeatedly altered transaction information to take out any reference to Iran, the report said.

hsbc and terrorism:
SBC did business with Saudi Arabia's biggest financial institution, Al Rajhi Bank.
The report claims that after the terrorist attacks in the US on 11 September 2001, evidence emerged that Al Rajhi and some of its owners had links to financial organisations associated with terrorism.



hsbc & dodgy travellers cheques:
The committee is concerned that HSBC cleared large amounts of travellers' checks over a number of years, without proper anti-money laundering controls, despite evidence of suspicious activity.
Between 2005 and 2008, HBUS cleared $290m worth of US dollar travellers' cheques which were being presented at a Japanese bank.
The daily transactions were worth up to half a million dollars, with large blocks of sequentially numbered cheques being handed over.
After prompting from US regulators, HBUS found out that the travellers' cheques were being bought in Russia - a country at high-risk of money laundering.

http://www.bbc.co.uk/news/business-18880269

they are all at it. the US Govt built up massive amounts of drug money in US banks in NY. It's all political nonsense.IBM sponsered the nazi's, saddam was bankrolled by america, pinochet , take ur pic everyone is filthy. Iran today,iraq yesterday someone else tomorrow. standerd just got caught is all.

I don't know why they hid the transactions and neither do you. They are denying it at the moment. If you deal with the US market you play by their rules if they were falsifying documents to get round the sanctions then they are toast and we will see a few extradicted. And I think they might lose their licence but as I say this has all to be proved.

As for my seeing the bigger picture what you really mean is why won't you agree with me? You are not the arbiter of what the bigger picture is.

I feel something bad is coming and I have felt it for a while. The middle east is becoming far more unstable, Europe is effectively bankrupt and with a system that clearly does not work without full federalism which won't happen because the rest of europe does not want to be owned by Germany. The US is in immense debt as is Britain we no longer manufacture and we outsource to China who we owe and could well default on. So for you its very simple the US is bad. But I think we have gotten ourselves into a right mess in Europe and in the west since the 70's by union strikes then creating an ilusion of wealth by borrow and house price increases. All those chickens are comuing home to roost from multiple directions.

whatever happend Liverpool Football Clubs name alongside a Company which is being accused of serious corruption cant be good for the Club. I personaly think the way the Club as a whole is slipping we wont be able to replace Standard Charter's sponsorship with another equaly profitable, Adidas offered us less as a kit sponsor if you remember because we are not the force we once where and others will see us as being desperate after this. I think it's going to be interesting to see how it all pans out and how much of an impact it will have on us.

Well it's like the human rights issue; ignore it when you or your friends infringe, but raise hell when your enemy infringe. Banking and business corruption is fine if it benefits yourself or your friends but catch your enemy at it and pour fire and brimstone down upon him. Bring down governments, fund and start uprisings in your enemy's territory, but call foul if he dares to do it in yours.
It looks to me as if we have the Russians and Chinese lining up on one side and the west on the other to see who can rule the oil rich middle east including north and central Africa, anything can happen ion this scenario and there are a number of parallels between the economic conditions now and what pertained prior to both world wars, so yes it is a worrying time.

Thats the way I see it. China are buying up most of Africa and are building up serious miltary hardware. The top stealth bomber in the world is the USAF F22, the Chinese recently unveiled one almost as good.

The smell of farts off aldi