HSBC to Close Apostolic Nunciature Account (UK)

...fear of money laundering fines etc

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HSBC to Close Apostolic Nunciature Account (UK)

#1  Postby Ironclad » Aug 04, 2013 12:53 pm

BBC NEWS
HSBC bank has reportedly asked more than 40 diplomatic missions to close their accounts as part of a programme to reduce business risks.

The Vatican's ambassadorial office in Britain, the Apostolic Nunciature, is among those said to be affected.


They are sometimes considered to be at risk of money laundering activities because of their political exposure and banks have been warned in the past for failing to flag up suspicious accounts.

HSBC was fined $1.92bn (£1.26bn) by US authorities last year after it was blamed for alleged money laundering activities said to have been conducted through its Latin American operations by drug cartels.


Cries of ''havoc'' being created by this. I'm sure the Vat can smuggle in a brief case full of dollars to pay for the Cleric's hoes.
For Van Youngman - see you amongst the stardust, old buddy

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