Banks Launder Billions in Illegal Cartel Money While Snubbing Legal Marijuana Businesses
The hypocrisy of the role that banks play in the drug trade is disgraceful.
Browsing: banks
Pot Shops Can’t Take American Express or Deposit in Banks
US banks not allowed to give accounts to pot shops
US Senator: Drug Possession Warrants Jail Time but Laundering Cartel Money Doesn’t?
Appearing at a Senate Banking Committee hearing Thursday, Sen. Elizabeth Warren (D-MA) grilled officials from the Treasury Department over why criminal charges were not filed against officials at HSBC who helped launder hundreds of millions of dollars for drug cartels.
Outrageous HSBC Settlement Proves the Drug War is a Joke
If you've ever been arrested on a drug charge, if you've ever spent even a day in jail for having a stem of marijuana in your pocket or "drug paraphernalia" in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.
Mexico’s Narco Wars: Stolen Elections, FBI-Cartel Ties, and Why US Banks Don’t Want to End the Drug War
CANNABIS CULTURE - Last year's chilling book El Sicario: The Autobiography of a Mexican Assassin details the outright corruption of the Mexican government and its shady alliances with drug cartels.
Medical-Marijuana Dispensaries Run Into Trouble at the Bank
The booming medical-marijuana industry in Washington is struggling to gain business legitimacy. Already on shaky legal footing because of the conflict between state and federal law, dispensaries are bogged down by troubles with banking and federal taxes.
How a Big US Bank Laundered Billions from Mexico’s Murderous Drug Gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored.
Feds Squeeze Banks in Bid to Freeze Out Medical Marijuana
Federal regulators ignited a firestorm of controversy recently when they ordered banks located in the North Coast area of California to spy on transactions of customers who are suspected of making money in the marijuana business.
Medical Marijuana Sellers Can’t Take Their Money to the Bank
Conflict between state and federal laws over the legality of marijuana has left owners of medical marijuana dispensaries finding that their financial services can go up in smoke. They're caught in a legal gray area that makes big banks wary or downright hostile.
Banks Wary of Marijuana-Dispensary Accounts
Wells Fargo & Co. — which medical-marijuana dispensary owners say is virtually the only bank in Colorado willing to take their business — has stopped opening new accounts for dispensaries.
