Mother Jones
<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>
A group of families in the United States whose relatives were killed by Mexican drug cartels filed a lawsuit against the large financial institution HSBC this week, alleging that the bank’s admitted laundering of roughly $881 million for the Sinaloa, Juárez, and Los Zetas cartels played a key role in the deaths of their loved ones.
“Money laundering is the lifeblood of the Mexican drug cartels, enabling them to construct a façade of legitimacy through which they establish, continue, and grow their global enterprises,” the families’ lawyers wrote in the complaint filed in federal court, alleging that cartels use that money to buy the weapons, vehicles, and the public officials needed to operate. “Thus, by facilitating the laundering of billions of dollars of drug cartel proceeds through its banks, HSBC materially supported the terrorist acts of the cartels, including the terrorist acts committed against the families.”
See the article here:
Victims of the Mexican Drug War Are Suing the Banks that Handled the Cartel’s Money
