Now Bank Decides IF You Can Have Your Money
Uproar as account confiscations loom over decision
WND
NEW YORK – Think your bank deposits are safe, just because the FDIC now insures accounts up to $250,000?
Better think again.
Until customer complaints forced a reversal of policy, the British multinational bank HSBC unilaterally imposed a restriction blocking customers from withdrawing large amounts of money from their own accounts, unless they could provide the bank with a “good reason” for it.
After the uproar in London when the BBC reported the new policy, HSBC issued a statement claiming the concern was money laundering. The bank notified customers that it would “not necessarily” deny depositors the ability to withdraw large amounts of cash from their accounts.
The HSBC explained in its statement that it has “an obligation to protect our customers, and to minimize the opportunity for financial crime.”
“However, following feedback, we are immediately updating guidance to our customer-facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal,” HSBC said. “We are writing to apologize to any customer who has been given incorrect information and inconvenienced.”
The bank’s motivation may have stemmed from reports leaking out of Washington that U.S. regulators continue to find HSBC has failed to implement required measures to prevent money laundering amid fears that its weakened financial position might cause a run on the bank. The Comptroller of the Currency made the demand after HSBC was forced in December 2012 to pay a record fine of $1.9 billion in lieu of criminal charges. WND broke the blockbuster story that HSBC was widely engaged in laundering billions of dollars in conjunction with known criminal cartel drug lords and suspected terrorists.
Reposted with permission
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
“an obligation to protect our customers, and to minimize the opportunity for financial crime.” Biggest BS ever, their obligation is to serve the customers, and when they don’t pay the customers their own money back is a crime. along with many other crimes they committed, like laundering drug money, libor rate fix…etc.
How can the bank decide?
If you allow that then your stupid and a moron.
You should change bank and get a grip on life.
The wind blows where wants to and if you allow the wind to move you then it’s your problem.
Stop blaming the system, the banksters, the media and the devil.
There are opportunities, life, success, gold pots, goodness and increase waiting for you.
But if you keep reading nonsense and bieving nonsense it will eat you up like a worm eating your flesh, but in this case it will eat your mind. Protect your mind!
“There are opportunities, life, success, gold pots, goodness and increase waiting for you.”
depends where you live you giant a-hole.. in some places, all thats waiting for you is white phosphorous, depleted uranium, unmanned drones and american contractors ready to plant a shovel on you. your family has been murdered, you are displaced, youre maimed and sickened… but at least you have god on your side..
eff off with your revolting sewer mouth.. if you want to preach, go start a church idiot
“Bank robbery” has a new meaning.
It is now the bank that robs you.
“HSBC issued a statement claiming the concern was money laundering.”
The money laundering is only done by the banksters!
HSBC is accusing it’s customers of what they are doing!
just tell them you need the money to bribe a congressman ..
US is the biggest illegal drug “market” in the world! Says a lot about the “character” of the people, not all the people but, a lot of people who live here. Saw a documentary about the illegal drug trade in Florida back in the days when the Pittsburg Steelers won all those super bowls. Lots of illegal drug use back then, and now, and the new drugs are even more destructive.