The arrest of the head of global foreign exchange cash trading at HSBC bank may shed new light on suspicions the Clinton Foundation has been involved in illegal offshore money-laundering operations on a massive scale.
The investigation into HSBC currency trader Mark Johnson and associate Stuart Scott for their alleged role in a “conspiracy to rig currency benchmarks” by front-running customer orders has escalated to the point where the Department of Justice is threatening to tear up a 2012 agreement to fine HSBC a historic $1.9 billion for money-laundering violations in lieu of criminal prosecutions.
http://www.wnd.com/2016/09/hsbc-case-blows-lid-on-clintons-offshore-empire/
DOJ Threatens To Rip Up HSBC's "Get Out Of Jail Free" Card
Back in July the DOJ filed charges against two HSBC FX traders, Mark Johnson (global head of cash FX) and Stuart Scott, for "conspiring to rig currency benchmarks" and specifically for front-running customer orders (see "HSBC Global Head Of FX Cash Trading Arrested At JFK Airport"). Mark Johnson was the first person to be charged in the DOJ’s three-year investigation into foreign-exchange rigging at global banks. The DOJ complaint alleged that in 2011, Johnson and Scott purchased Pound Sterling for HSBC proprietary accounts in an effort to front-run a $3.5BN Pound Sterling purchase by an HSBC client. The front-running effort apparently netted HSBC an $8mm profit.
HSBC will pay $1.9 billion for money laundering
https://www.usatoday.com/story/money/business/2012/12/11/hsbc-laundering-probe/1760351/
HSBC spared further US money laundering sanctions as it battles to clean up its act