Banks Launder Billions in Illegal Cartel Money While Snubbing Legal Marijuana Businesses | Alternet
Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade. Meanwhile, HSBC has admitted its laundering role, and evaded criminal prosecution by paying a fine of almost $2 billion. The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow – and profit from – the trade of tons, escape incarceration.
via Banks Launder Billions in Illegal Cartel Money While Snubbing Legal Marijuana Businesses | Alternet.
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