Banksters Love Money

The English Isle of Jersey
Jersey is an island that lies in the English Channel about 12 miles off the coast of France. Although Jersey is a Dependency of the British Crown, it is not actually part of the UK. It’s a self-governing parliamentary democracy under a constitutional monarchy, with its own financial, legal and judicial systems.

The island has a lovely climate and tourism is growing, but the majority of the economy is based on financial services and is recognized as one of the leading offshore financial centers. The largest British bank, HSBC, has a branch there.

Being an island, I guess there is a laid-back kind of way of doing business. If someone wants to deposit a couple of trillion dollars in the bank one day and take it out the next day who would notice?

Well, someone obviously did notice, and it just so happened that some of those depositors were drug cartels, terrorists and rogue states. Oh my.

According to the Telegraph:
“The tax authorities have obtained details of every British client of HSBC in Jersey after a whistleblower secretly provided a detailed list of names, addresses and account balances earlier this week.”

This comes after the bank has just been fined $1.5 billion for money laundering $43 trillion in the United States. Those bankers do love their money.

In the meantime enjoy the O’Jays – For the Love of Money: