Household HSBC Watch

June 1 (Bloomberg) — From their offices atop Tehran’s 15- story Sayeh Tower, HSBC Holdings Plc bankers have helped lend more than $825 million to the Iranian government, which the U.S. says sponsors terrorism and provided a haven to al-Qaeda members after the Sept. 11, 2001, attacks. Half a world away in New York, where […]

The Treasury Department has fined HSBC at least 18 times under terror-related sanctions since the start of 1998. One penalty was for a transfer in April 2000 of $100,000 benefiting the Taliban, which at the time was running Afghanistan and providing bin Laden and his al-Qaeda organization with the base from which he plotted the […]

June 1 (Bloomberg) — From their offices atop Tehran’s 15- story Sayeh Tower, HSBC Holdings Plc bankers have helped lend more than $825 million to the Iranian government, which the U.S. says sponsors terrorism and provided a haven to al-Qaeda members after the Sept. 11, 2001, attacks. HSBC is doing business in other countries […]

Legal experts remind consumers that US law allows judges to triple the damage awards in RICO (racketeering, influence and corruption) cases. Currently Household International, a predatory subsidiary of HSBC, is charged under RICO in two cases. One is Beneficial Finance and H&R Block, and the other is a Tennessee case. Some analysts […]

United States based consumer advocates Household - HSBC Watch said today that HSBC Plc took another blow to its reputation as the Account 98 scandal grows. HSBC stands accused of passing funds to organizations bankrolling Palestinian suicide bombers.

A forthcoming court action, launched by lawyers representing 500 victims of suicide attacks, claims that an account at […]

The Sunday Times of London reported on December 13, 2004:
HSBC, one of Britain’s biggest banks, has been accused of channelling tens of millions of pounds to suicide bombers. The newspaper claims that a forthcoming court action will allege that an account at a subsidiary of the bank in Saudi Arabia was used to collect […]

On December 9, 2004 a judge ordered three Islamic charities accused of raising money for the Palestinian group Hamas to pay $156 million in damages to the parents of a an American teenager slain in the West Bank. His parents turned to U.S. courts, invoking a 1992 law that allows victims of terrorism abroad […]

Here at Household Watch we received the following a few days ago. Are they violating the patriot act if this allegation is true? You decide and let us know.

HSBC/Best Buy violating patriot act in processing apps
As of 4 days ago, I have in writing as an employee, a document from Retail Services upper management […]

Sunday, 14 November 2004
Reported by the Gulf Daily News - Voice of Bahrain
Iraqi bank contracts

WASHINGTON: The US-led post-war government in Iraq awarded business to two multinational banks fined for violating US sanctions against Iraq during the regime of Saddam Hussein, records show.
The US-appointed interim Iraqi government awarded one of the first foreign banking […]

U.S. Gen. Charles Wald, deputy commander of the European Central Command, has been warning Congress and the Pentagon for months that al Qaeda-affiliated groups are active in Mauritania, Mali, Chad and Niger. The trade in diamonds used by terrorist groups, begun under the protection of former Liberian strongman Charles Taylor, continues despite international efforts to […]