British Banking and the Global Drug Trade

Death penalty doesn’t mean anything unless you use it on people who are afraid to die. Like… the bankers who launder the drug money. The bankers, who launder, the drug money. Forget the dealers, you want to slow down that drug traffic, you got to start executing a few of these fucking bankers. White, middle class Republican bankers. — George Carlin, ‘Back in Town Special,’ 1996

In a recent investigation I presented the case that British banking and financial giant HSBC interfaced with banking institutions which had links to terrorist financing.

Drawing upon evidence published by the Senate Permanent Subcommittee on Investigations in their mammoth report, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History,” we learned that senior HSBC officers, despite misgivings voiced by staff in internal correspondence, had relations with Saudi Arabia’s Al Rajhi Bank, described by U.S. law enforcement agencies as moneymen for Al Qaeda.

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