HSBC maintained ties with one of bin Laden's chief jihad bankrollers

Global finance completely compromised. "Report Shows How HSBC Maintained Its Ties With One Of Osama Bin Laden's Key Benefactors," by Linette Lopez for Business Insider, July 17 (thanks to Twostellas):

Yesterday, the Senate released a report on HSBC's ties to the darkest actors in global finance. Today, the details of the 335 page investigation are trickling out and shocking everyone.

The laundry list of offenses includes everything money laundering for Mexican drug cartels to ignoring U.S. regulations meant to prevent dollars from reaching our country's known enemies.

Enemies like Al Qaeda.

One of the most damning parts of the report details HSBC's relationship with Saudi based Al Rajhi Bank, a member of Osama bin Ladin's 'Golden Chain' of important Al Qaeda financiers. The relationship has spanned decades, perhaps that is why even when HSBC's own internal compliance offices asked that it be terminated in 2005, even when the US government discovered hard evidence of Al Rajhi's relationship with terrorism, HSBC continued to business with the bank until 2010.

Al Rajhi bank is owned by the billionaire Al Rajhi family and holds $59 billion in assets. It is Saudi Arabia's largest private bank.

Al Rajhi's links to terrorism were confirmed in 2002 when U.S. agents searched the offices of a Saudi non-profit and U.S. designated terrorist organization, Benevolence International Foundation (page 193). In that raid, agents uncovered a CD-ROM listing the names of financiers in Osama bin Ladin's elite 'Golden Chain.' One of those names was Sulaiman bin Abdul Aziz Al Rajhi, a founder of Al Rajhi bank....

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Grammatical adjustment needed in the first sentence.

Typo [financed] in first sentence.

Disgusting—the "money Jihad" proceeds apace.

Note to London Jim: I just emailed JW about the minor typo.

well not really surprising as HSBC offers sharia banking!

the odd thing is that the guy in charge until very recently, Green, is (I am told) an Anglican vicar and now I think is part of the current UK government.

One now wonders if he advices the uk government on duplicity and fraud in finance along with aiding islamic conquest?

I bet that freedom loving peoples wont be shocked enough to move their business to another bank as that would take too much effort.

the Allah god (as imagined) is claimed to be benevolent; its mercy is foundout at BIF ... its "benevolence" is so debasing, corrupting, not helpful, creating only misery with the intent to eliminate hope, that it cannot be called ideal and should not be considered worthy of worship; only malevolent it is, and ... to be burned in Hell.

I moved my account, that was through Best Buy, a long time ago, as soon as I discovered how invested they were with Sharia finance and bringing it to Europe.

Also, HSBC is facing a class action suit regarding their Best Buy CC financing, they were charging a ridiculous monthly fee for some type of supposed credit protection that you could not opt out of, and I believe charging interest on that. It is going on right now.

HSBC, sharia compliant.

But the US gov't gives billions to hostile regimes in Paki and Egypt. Enough to make one a bit cynical.

Thanks. Gi. I see that Mr Spencer's fixed it. Wipe my comments.

I bet that freedom loving peoples wont be shocked enough to move their business to another bank as that would take too much effort.

The list of touble Banks is better guard secert in our government than anything. The only except is Banki of America as they where supid enought to arrest thousand's of people who want to close out they account many months ago. Quite afew brother move they money out of Bank America. Quite afew america bank where money laundery for criminal element.

"DefenderofIslam" wrote:

The list of touble Banks is better guard secert in our government than anything. The only except is Banki of America as they where supid enought to arrest thousand's of people who want to close out they account many months ago. Quite afew brother move they money out of Bank America. Quite afew america bank where money laundery for criminal element.
.......................................

What utter crap. This is yet another "Occupy" canard.

"Occupy" in Santa Cruz, California, occupied a Bank of America branch and made a big show of closing their accounts. A few people were arrested for occupying the bank, *not* for lawfully closing their accounts.

The idea that pious Muslims—of all people—are concerned about keeping banking clean on a story about Jihad financing just could not be more grotesque.

Peddle your bs elsewhere, DoI—no one here is buying it.

Morocco indicted a cleric on Tuesday for calling for the murder on religious grounds of a local newspaper editor who urged greater sexual freedoms in the conservative Muslim country.

Read more: http://www.maghrebchristians.com/2012/07/18/moroccan-cleric-indicted-for-editors-death-edict/#ixzz20yHmBJB3

Youssef

Occupy" in Santa Cruz, California, occupied a Bank of America branch and made a big show of closing their accounts. A few people were arrested for occupying the bank, *not* for lawfully closing their accounts.

The idea that pious Muslims—of all people—are concerned about keeping banking clean on a story about Jihad financing just could not be more grotesque.

Peddle your bs elsewhere, DoI—no one here is buying it.


Many big bank take in dirty money all the time. In WWII the Pope and the Masfric have than dead going the Pope gave then the cigget the america gave the church the mob solid then on the black market, out of the money the Pope got 750 million dollar and the mob got 250 million dollar it was going to be 500 million dollar each the church needed more money, to sweeten the new deal the 250 million dollar was at the Vaction Bank total clean money worth 25 billion in dirty money.

The issue is whether you believe it is right for banks to fund violent Jihad. This is a simple enough question.

You won't get a honest answer, GI.

London Jim wrote:

You won't get a honest answer, GI.
.......................................

Well, I'm not sure I really expected one, Jim.

After all, here he is ranting about the Pope giving the Mafia million-dollar shipments of cigarettes. Leaving the ethical issues aside for a moment, wouldn't one suppose that the Mafia would have easier access—legal or otherwise—to cigarettes than the Pontiff would?

His "Occupy" argument is similarly ridiculous.

But despite the absurdity of his examples, these are, essentially, Tu Quoque arguments—all banking is, supposedly, dirty.

But dirty banking in the West is *prosecuted*.

Does DoI believe that banks funding violent Jihad is a bad thing? That it is criminal and should be stopped? After all, Zakat—"charity"—is largely used to fund violent Jihad, and this is a core tenet of Islam.

Somehow, I imagine he'd rather sidestep the whole issue...

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