HSBC Money Laundering



Stephen Green
HSBC Money Laundering ( Lord Green was chief executive of HSBC from 2003 to 2006 and then executive chairman until 2010. He is now the trade minister)



Lord Strathclyde brushes off Labour requests for former HSBC chief to answer questions on the grounds that he is not accountable to peers for his business career.

There is no reason for Lord Green of Hurstpierpoint, the trade minister, to answer questions in the House of Lords over his role as head of HSBC while the bank's subsidiaries were alleged to have been involved in money laundering, peers have been told.

Lord Strathclyde, the leader of the upper house, brushed off Labour requests for Green to answer questions on the grounds that he is not accountable to peers for his business career.

"There is no urgency in this matter," Strathclyde told peers. "The investigation started over two years ago. The report in question was published two weeks ago. There was no evidence of personal wrongdoing of [Lord Green]. Indeed there was no personal criticism of [Lord Green] whatsoever and the investigation is ongoing.

"As for ministerial accountability, he is accountable to this house for the work he does as a minister. But we have had many ministers who've had previous careers. No minister needs to be accountable to parliament for his previous career, only for what they are doing as ministers."
Labour has been demanding that Green appear before peers after a US senate committee found HSBC had ignored warnings that its global operations were being used by money launderers while the minister was running the bank. Green joined HSBC in 1982 and was its chief executive and then chairman between 2006-10.

Senator Carl Levin, chairman of the senate sub-committee, said: "In an age of international terrorism, drug violence in our streets and on our borders, and organised crime, stopping illicit money flows that support those atrocities is a national security imperative.

"HSBC used its US bank as a gateway into the US financial system for some HSBC affiliates around the world to provide US dollar services to clients while playing fast and loose with US banking rules."

Labour piled on the pressure by pointing out that Green had been invited to dinner by HSBC on 9 January this year. The dinner appears in a list of hospitality declared by ministers at the Department of Business.

Labour peer Clive Hollick tweeted: "If Lord Green, former chair of HSBC, is innocent and ignorant of money laundering why doesn't he just come to the chamber and say so?"

Lady Royall of Blaisdon, the Labour leader in the Lords, said Green should answer questions because the ministerial code says "ministers should be as open as possible" with parliament. "Would not such a move give Lord Green the opportunity to dispel once and for all the questions being asked about his present ministerial role," she asked.

But Lord Butler of Brockwell, a member of the HSBC board for a decade after his retirement as cabinet secretary in 1998, mounted a strong defence of Green.

He said: "While it may be the case that the chairman and chief executive officer of a major international company is accountable for everything that happens in that company, there is no possible way in which the chairman and chief executive can be responsible for everything that happens in a worldwide group of the size of HSBC."

Chris Leslie MP, the shadow financial secretary to the Treasury, said: "With his repeated refusals to answer questions about what he knew and when, Lord Green is treating Parliament and the public with contempt. He is not just a Minister in David Cameron's government, he is also an adviser to the Chancellor on banking issues and a member of the Cabinet Committee for banking reform. He must be accountable to Parliament."

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The Money Drop



Need some extra cash? Don’t miss your chance to put a few bucks in your pocket - no matter what age you are.

The Money Drop is a nail biting TV game show that can be simultaneously played online at home.
The Money Drop is a high stakes money game show event with extraordinary jeopardy. For the first time contestants can win big – or lose it all – live on TV.
The format is accompanied by a play-along online game which allows viewers at home to play alongside the contestants with virtual money.
Contestants are given their prize – a million in cash – at the top of the show. Just eight questions stand in the way of them taking home their cash. Sound simple? Think again. One wrong move and they could see it all literally disappear in front of their eyes.
The show’s white knuckle tension is played out on a fiendish device with four trapdoors, on which the answers to each question are displayed. All the contestants have to do is put their money on the right answer. If they are unsure of the answer they can spread the money across the trap doors, but if the answer is wrong their money will fall through the floor and be lost forever.
It takes courage, quick wits and nerves of steel to beat The Money Drop – have you got what it takes?Read More...


 I Like Money 



"Like Money" is a single from the upcoming debut American studio album by South Korean girl group Wonder Girls featuring Senegalese-American singer Akon. The song and music video was released July 10, 2012.







Lyrics of " I Like Money"

Drop it down, raise it up

Side to side, left to right

Lick your lips, flip your hair

Watch him sweat over there

High heels, make-up, fake eyelashes

Look at you, you're so damn plastic!

Acrylics on with orangey skin

That lipo really made you thin



Tease it, spray it, make it big

Your hair's so big it's like a wig

Your skirt is short, your top is low

Speed it up, it's way too slow!

You like it when I rock my hips,

so why you starin' at my tits?

So go to him and make him work

for what he's got and how you twirk



Look over here!

and let me see that body rock

Get over here!

I know you like what I've got

Look over here!

and let me see that body rock

Get over here!

I'll show you what I've got

Okay!



Cigarettes, 80 proof

Take my picture, I'm so damn cute!

Fake ID's, lots of cash

Race that Benz, we go real fast

2 a.m. and I'm still goin'

Pour my drink, it's overflowin'!

Take me home, rough me up

No one's here so lets just fuck!



Let me see you break it down

on the floor, to the ground

He's so hot with all those tats

Especially in that LA hat

Diamond plugs, septum rings

I Like Money! Bling, bling, bling!

Here's my number, hit me up

We're livin' life!

You know whats up



Look over here!

and let me see that body rock

Get over here!

I know you like what I've got



Millionaires are here to stay

Watch your boys, we're here to play



Millionaires are here to stay

Watch your boys, we're here to play

Look over here!

and let me see that body rock

Get over here!

I know you like what I've got

Look over here!

and let me see that body rock

Get over here!

I'll show you what I've got

Artist: Millionaires lyrics

Money Card





Money card is a card containing monetary value and it can used to spend money instead of using cash.


1.Credit card



A credit card is a payment card allowing the cardholder to pay for the goods and services based on the holder's promise to pay for them.


A credit card is different from a charge card. A charge card requires the balance to be paid in full each month.In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card.
The size of most credit cards are 85.60 × 53.98 mm (33/8 × 21/8 in) and it has an embossed bank card number complying with the ISO/IEC 7812 numbering standard.


2.A debit card (also known as a bank card or check card) is a card  which provides its cardholder,the electronic access to his or her bank account(s) at a financial institution. Debit cards can also be used as a payment card for making purchases. In some cases, the primary account number is assigned exclusively for using on the Internet when there is no physical card.


In many countries, the use of debit cards has become so widespread and it replaces the cheques and  in some instances, cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country specific resulting in a number of different systems around the world, which were often incompatible. Since the mid 2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases.


Unlike credit and charge cards, payments using a debit card are immediately transferred from the cardholder's designated bank account directly.


Debit cards can be used for instant withdrawal of cash.It also act as the ATM card for withdrawing cash. Merchants may also offer cashback facilities to customers, where a customer can withdraw cash along with their purchase.


3.An ATM card (also known as a bank card, client card, key card, or cash card) is a card issued by a financial institution, such as a bank, credit union, or building society, that can be used in an Automatic Teller Machine (ATM) for transactions such as: making deposits, withdrawals, obtaining account information, and other types of transactions, often through interbank networks.

4.Prepaid card or Stored-value card 


The term stored-value card means the funds and or data are physically stored on the card.Prepaid card can be accessed using a magnetic stripe embedded in the card, on which the card number is encoded; using radio-frequency identification (RFID); or by entering a code number, printed on the card, into a telephone or other numeric keypad.ex: VISA and MasterCard






5.Gift Card



A gift card is a restricted monetary equivalent or scrip that is issued by retailers or banks to be used as an alternative to a non-monetary gift.Gift cards have become increasingly popular as they relieve the donor of selecting a specific gift.The recipient of the gift card can use it at his or her discretion within the restrictions set by the issuing agency.ex,E-Gift card services


6.Travel Card


A travel card is a ticket usable on more than one journey, route or mode of public transport within a specific area using bulk or discounted payment; some systems only cover travel by disabled or elderly people. Their validity is generally for a fixed period from the time of issue, such as to the end of the day or for longer periods up to one year.


7.Phone card



A telephone card, calling card or phone card for short, is a small plastic card, sized and shaped like a credit card, used to pay for telephone services. It is not necessary to have the physical card except with a stored-value system; knowledge of the access telephone number to dial and the PIN is sufficient. Standard cards which can be purchased and used without any sort of account facility give a fixed amount of credit and are discarded when used up; rechargeable cards can be topped up, or collect payment in arrears. The system for payment and the way in which the card is used to place a telephone call vary from card to card.
Cards known as remote memory cards have a PIN associated with a specific land-line telephone account; calls using the card are billed to the associated account.



8.Discount card
A discount card is a card or document, often physically similar to a plastic credit card, that entitles the holder to discounts on the prices of some products or services. Cards may be issued as part of a loyalty program, offering discounts to existing customers to ensure their continuing custom; they may be offered free of charge, offering a modest discount with the intention of persuading purchasers to patronise participating shops; or they may be sold to members etc.





Prize Money Wimbledon



"We had very professional discussions with all the parties and hopefully it will be received well".
Philip Brook
All England Club Chairman



Wimbledon will increase extra prize money from 2012

Wimbledon organisers have confirmed the prize money at this year's event will increase by 10%, with the majority directed to help lower-ranked players.


The overall pot will grow by 10% to £16.1m, the largest increase since 1993, with a record £1.15m awaiting the men's and women's singles champions.

But the biggest beneficiaries will be players who lose in the early rounds.

All England Club Chairman Philip Brook said: "We must help players meet the rising costs of professional tennis."

A 26% increase in prize money for first-round losers will see them depart SW19 with £14,500, as opposed to £11,500 last year. There is also a 21% increase for losers in the Wimbledon qualifying event.
There had been rumours of growing unrest among players that the distribution of wealth at Wimbledon, the US Open, the Australian Open and the French Open was too heavily weighted in the favour of the game's leading players.

Defending SW19 champion Novak Djokovic, Rafael Nadal, Roger Federer and Andy Murray, the world's top-four ranked men's players, held talks with All England Club officials at Indian Wells, California earlier this year.

"There was never talk of [strike] action from players in any discussions I have had. We had very professional discussions with all the parties and hopefully it will be received well," added Brook.

"What we have in the top four players is a group of young men who are very responsible for all those around them. We didn't hear a request for more money for them, they wanted something done for the sport as a whole and were representing all the players, not just themselves.

"It is a positive development. When I met the players at Indian Wells we asked for the opportunity to have meetings like that on a regular basis. It can only be good to have dialogue with them.

"We heard genuine concern from top players and tour management that this was an issue and we have reacted to that."


Source:BBC                             




 

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