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The Hidden world

Hidden world

 

CHAPTER 6



6-40 Drug-money laundering banks 

6-40a Quotes

“Money laundering is simply everywhere. On the grand scale, it’s endemic to banking... 
Money laundering is not some distant fantasy. It’s actually how you handle the profits of 
extortion, tax evasion, criminal conspiracy and huge quantities of drug money, how you get 
that into the white sector... We pay vast sums of money to agencies that are supposed to 
stop money laundering. It doesn’t happen.”
John le Carre, 2010
 
“Money laundering, according to IMF estimates for the 1990s, was between 590 billion and 
1.5 trillion dollars a year. The proceeds of the drug trade are deposited in the banking system. 
Drug money is laundered in the numerous offshore banking havens in Switzerland, Luxembourg,
the British Channel Islands, the Cayman Islands and some 50 other locations around the globe. 
It is here that criminal syndicates involved in the drug trade and the representatives of the world’s 
largest commercial banks interact. Dirty money is deposited in these offshore havens, which are 
controlled by major Western banks and financial institutions which have a vested interest in 
maintaining and sustaining the drug trade.”
Michel Chossudovsky in his book “America’s War on Terrorism”
 
“The large international banks that finance the drug trade get it and launder it, using it to prop 
up their bankrupt international financial system.”
From the book “DOPE, INC.: the international drug cartel, money-laundering, and state power”, 
1992
 
“Drug profits are secured through the ability of the drug cartels to launder and transfer billions of 
dollars through the US banking system. The scale and scope of the US banking-drug cartel 
alliance surpasses any other economic activity of the US private banking system.”
James Petras
 
“The Hong Kong and Shanghai Bank (HSBC) and related companies finance the opium trade. 
In this, they are acting as designated agents of the British monarchy, through the Royal Institute 
of International Affairs.

The world illegal drug traffic is controlled by a single group of men whose intimate ties of ownership, 
family, and political collaboration go back 200 years.”
www.bibliotecapleyades.net “How the Drug Empire Works”

“Narco-dollars are channeled into “private banking” accounts in numerous offshore banking 
havens controlled by the large Western banks and financial institutions. The major Wall Street 
and European banks and stock brokerage firms launder billions of dollars resulting from the 
trade in narcotics.”
“The Destabilization of Haiti” an article by Michel Chossudovsky
 
“American banks are collectively the world’s largest financial beneficiary of the drug trade.”
Jesse Ventura in his book “American Conspiracies: Lies, Lies, and More Dirty Lies that the 
Government Tells Us”
 
“The United States is the world leader in global money laundering. According to the Department 
of Justice, the US launders between $500 billion - $1 trillion annually.”
“Narco-Dollars For Beginners” an article by Catherine Austin Fitts
 
“Vast quantities of gold are absorbed into the Asian drug trade - an inestimable percentage 
of the 400 to 600 tons of the metal that pass through the orient in a year, mainly through 
Hong Kong, and mainly through subsidiaries of the HongShang (HSBC). The drug trade could 
not run without it and other precious, portable, untraceable substances-like diamonds.”
www.bibliotecapleyades.net “How the Drug Empire Works”
 
“If 700 billion dollars a year in illegal drug money is moved and laundered through the American 
and world economy, that money benefits financial markets and especially Wall Street. 
That’s the reason for maintaining the illegal drug trade.”
Daniel Estulin in hius book “Shadow Masters”
 
“No government has ever touched the system which allowed the drug trade to develop. 
Money-laundering is not even a criminal offense in 8 out of the 15 industrial nations. In the 
United States, the center of the problem, government action, is a joke: No top management 
has ever been charged or prosecuted for criminal money-laundering activity.”
From the book “DOPE, INC.: the international drug cartel, money-laundering, and state power”, 
1992
 
“A large share of the multibillion dollar revenues of narcotics is deposited in the Western banking 
system. Most of the large international banks together with their affiliates in the offshore banking 
havens launder large amounts of narco-dollars.”
Michel Chossudovsky in the book “The Global Economic Crisis”
 
“Switzerland remains one the world’s biggest repositories for dirty money. In 2009 it hosted about 
$2.1 trillion in offshore accounts owned by non-residents, about half from Europe. This had been 
$3.1 trillion in 2007 before the global financial crisis.”
Nicholas Shaxson in his book “Treasure Islands: Tax Havens and the Men Who Stole the World”
 
“Washington’s “war on drugs” is directed towards increasing U.S. power in Latin America. The use 
of drug money laundered through U.S. banks finances Washington’s trade imbalances, while the 
drug war increases Washington’s general influence over economic policy, allowing U.S.-based 
transnational corporations (TNCs) to buy Latin American public enterprises at scandalously low 
prices and to penetrate markets.”
“Globalization Unmasked” an article by James Petras and Henry Veltmeyer
 
“The British Crown Colony of Hong Kong, with the British Hongkong and Shanghai Banking 
Corporation (HSBC) at the top, is considered the number-one money-laundering center for the 
heroin trade. Illegal drugs are the biggest business in the Far East -- and close to being the
 biggest business in the world -- but in Hong Kong, drugs do not merely dominate the economy: 
They are the economy.”
From the book “DOPE, INC.: the international drug cartel, money-laundering, and state power”, 
1992
 
“Drug money was the only liquid investment capital available to banks on the brink of collapse, 
with roughly $325 billion in drug money absorbed by the financial system... In the second half 
of 2008, liquidity was the banking system’s main problem and hence liquid capital became an 
important factor. Interbank loans were funded by money that originated from drug trade and 
other illegal activities.”
Antonio Maria Costa, the head of United Nation’s Office on Drugs and Crime
 
“Some of the world’s leading private financial institutions are deeply implicated in the laundering 
of hundreds of billions of dollars a year in illegal dope money... (Illegal drugs are) the largest 
commodity in international trade, with the exception of petroleum, and the annual revenues of the 
narcotics traffic exceed(s) the national product of most of the world’s nations, and the revenues 
of the largest multinational companies.”
From the book “DOPE, INC.: the international drug cartel, money-laundering, and state power”, 
1992
 
“New York and London have become the world’s two biggest laundries of criminal and drug money, 
and offshore tax havens. Not the Cayman Islands, not the Isle of Man or Jersey. The big laundering 
is right through the City of London and Wall Street.”
Martin Woods, bank money laundering investigator, Observer newspaper, 2011
 
“Banks act as clearing houses and money launderers of billions of dollars derived from drug money. 
The main “big name banks” are:
• The Bank of England
• The Federal Reserve Banks
• Bank of International Settlements
• The World Bank
• The Hong Kong and Shanghai Bank
• American Express
American Express Bank Travelers checks are a convenient method of recycling drug dollars. 
Each of these banks is affiliated with and/or controls hundreds of thousands of large and small 
banks throughout the world.”
John Coleman in his book “The Committee of 300”





Title: The hidden world part 1.  ISBN 978-1-326-03644-7
http://www.johnbaselmans.com/Downloads/Books/Hidden1.pdf
File size 2.9 MB

Title: The hidden world part 2.  ISBN 978-1-326-03645-4
http://www.johnbaselmans.com/Downloads/Books/Hidden2.pdf
File size 3.6 MB
 
 

 

 

 
 
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