HSBC- Bank and laundry by Ernesto Martim De Ruza Ruiz Hernández https://padlet.com/a01644959/ageh671oezxxim41 en-us 2023-10-04 15:36:16 UTC 2023-10-09 15:39:19 UTC hello@padlet.com 10 main Ideas a01644959 https://padlet.com/a01644959/ageh671oezxxim41/wish/2734186009 1. Dirty money flowing everywhere
2. Bribes and corruption
3. money laundry Zhenli Ye Gon case
4.HSBC corruption
5.HSBC allowed dirty money transactions
6.Moving money.
7.HSBC is tecnically part of the terrorist organization.
8.HSBC evading the law
9.Cartels and terrorist killing people
10.HSBC guilty ]]> 2023-10-05 15:45:33 UTC https://padlet.com/a01644959/ageh671oezxxim41/wish/2734186009 What is the impact of the event in the economy? a01644959 https://padlet.com/a01644959/ageh671oezxxim41/wish/2734200493 Money laundering can severely damage on the economy. It undermines trust in the financial sector, deters foreign investments, distorts international capital flows, and can hinder the funding of crucial social programs through taxes. Furthermore, it can compromise the integrity of legitimate businesses, ultimately harming the overall economic health.]]> 2023-10-05 15:54:27 UTC https://padlet.com/a01644959/ageh671oezxxim41/wish/2734200493 How can affect this kind of events to the people? a01644959 https://padlet.com/a01644959/ageh671oezxxim41/wish/2734207343 People related end up dead or are extorted for the benefit of drug cartels. In some cases these people tend to get related to the cartel to then get arrested.]]> 2023-10-05 15:58:10 UTC https://padlet.com/a01644959/ageh671oezxxim41/wish/2734207343 Do you think it is necessary more regulations to the big companies and banks? a01644959 https://padlet.com/a01644959/ageh671oezxxim41/wish/2734215963 Of course, this is a problem that affects many people internationally and I believe that an increase in these is necessary for greater security. Regulations are essential for preventing systemic risks, protecting consumers, ensuring market fairness, promoting corporate responsibility, and enhancing financial accountability and this leads to a safer economy]]> 2023-10-05 16:04:04 UTC https://padlet.com/a01644959/ageh671oezxxim41/wish/2734215963 References: a01644959 https://padlet.com/a01644959/ageh671oezxxim41/wish/2734223211 Dirty money-Bank and Laundry – HSBC (Episode 4. Season 1)
Ross, M. L. (2023). HSBC's Money Laundering Scandal. Investopedia. https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx 
BBC News. (2020, September 21). HSBC’s shares dive to lowest level since 1995. BBC News. https://www.bbc.com/news/business-54230733]]> 2023-10-05 16:08:54 UTC https://padlet.com/a01644959/ageh671oezxxim41/wish/2734223211