Every bank need to have a anti-money laundering compliant program in place and it is normally automated through software. In addition, employees above a certain rank are trained in identifying suspicious transactions and have to get certified every year even if they are in supporting organizations. Either HSBC is callous or deliberately laundering drug money and rogue nations' money. But as per the news, employees in London knew that suspicious transactions and allowed it. That is a criminal offence. As for whether Bangladesh banks were involved, only investigation will throw the light as the money laundering itself happens at multiple steps instead of 1 or 2 steps.
you say that the bank is owned by Group from K S A then you go one to say that no jammati is part of the Islami Bank?=idune;3196832]Islam i Bank has no involvement of Jammat what so ever and no member of Jammat is part of it. Good part, around 35% of Islami bank Bangladesh own by AL Raji group of KSA. Offcourse ghoti like CaPtAiN_pLaNeT who is in thick of Awami fanboy activity would not know that.
were you one of the founding member that you no exactly when they started or you are again speculating.Al Raji group was founding partner of Islami Bank of Bangladesh way back in 1983. Much before even Al Qaeda existed.
HA HA ha ha House of Saud will cancel the order and upset their Masters now this is even funnier then black eagles post didn't think any body can out do him but to my amazement you did.So US senate is just making wild accusation based on no proof. If fact they should go and fight with Al Raji group in KSA and see how much guts US senate has? That is where US senate should go, Bangladesh Islami Bank has nothing to do with Senate fabrication. $60 billion arms deal will go away and these senators who are harping will loose re election bid because of millions of job loss. I dare Us senate does that.
In a statement, Europe's largest bank, said it expected to be held accountable for what went wrong.
HSBC is to appear before the Senate on Tuesday at 09:30 local time (13:30 GMT).
Last Monday, a Senate report said that suspicious funds from countries including Mexico and Syria had passed through the bank.
The report of the US Senate Permanent Subcommittee on Investigations: Committee on Homeland Security and Government Affairs, headed by Senator Carl Levin, has been put on the Website.
Among a number of banks listed in the report are two Bangladesh banks -- Islami Bank Bangladesh Ltd (IBBL) and Social Islami Bank Ltd (SIBL), mentioned as HSBC's "Serving other banks with suspected links to terrorism."
"We will apologise, acknowledge these mistakes, answer for our actions and give our absolute commitment to fixing what went wrong," HSBC said in a statement.
I also do not know what you mean by 'not do fund raising, like western bank', but going by your past posting, its safe to assume you have no idea what you are saying and just trying to come up with the usual rants and general rubbish.
Interestingly, pakistan linked habib bank recently was fined by the british regulator for the exact same reasons and their pakistan origin compliance officer fined too.
'Islami Bank, SIBL linked to terror financing'
Mir Quasem denied bail | Bangladesh | bdnews24.com
Daily Star is definitely a RAWami Newspaper. There is some connection between political persecution that is going on in the name of War Crimes trial. Mir Quasem, Jamat and Islami Bank are all related. So, I think RAWami's may have provided false evidence or statements to the US about their "terrorist Al Qaeda" connection, in an effort to marginalize them.
RAWami propaganda in action, to put the label of terrorism on Bangladesh, so they can keep their "secular" rule in next election. This is a new but also old line of attack by RAWami Indian agent traitors.
Lol look at some comments , Jamatis are new Al Qaeda!!! Troll king!
Last edited by M_Saint; 07-18-2012 at 12:41 PM.
Actions against banks linked to terror fund: BB
Actions against banks linked to terror fund: BB | Business | bdnews24.com
Wed, Jul 18th, 2012 2:39 pm BdST
Dhaka, Jul 18 (bdnews24.com) – Bangladesh Bank has said it would take necessary action as per laws against the banks involved in money-laundering activities linked to terror financing as highlighted in a US Senate report.
"Bangladesh Bank had taken action against the incidents that took place in 2005 and 2007. We are investigating the role of HSBC and necessary action will be taken," said Deputy Governor S K Sur Chowdhury at the launching ceremony of Monetary Policy Statement for Jul-Dec period Wednesday.
US Senate Permanent Subcommittee on Investigations revealed that the US division of HSBC provided money and bank service to Bangladesh Islami Bank and Social Islami Bank (SIBL), which the report identified as banks suspected to have involvement in raising fund for terrorist organisations like al-Queda.
The central bank governor Atiur Rahman said they were analysing the report and proper action would be taken after scrutiny.
"We have strengthened the anti-money laundering capacity of the central bank," he added.
The Senate report published on Monday is the result of an investigation on London-based HSBC Holdings PLC by the Senate Permanent Subcommittee on Investigations.
Awami chamchas wet dream of banning jamat by hook or crook. Islamic bank of Bangladesh is the most success full bank and it's rising popularity among Muslims has become nightmare for Awami Bengali secular ghaddar league.
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