McConnell claims that as a result of Abel Danger’s exposé, Thomson Reuters, the pig-farm compiler of data for the Libor Minus Sex % lines of credit, has, per the article below, begun to throw Standard Chartered executives under the White House pedophiles’ bus.
Prequel:
McConnell Links Samantha Cameron Spread Bet To BBC Silent Witness – Building #7
FOX 5 WTC 7 collapse foreknowledge? [Wag Dog news feed supplied by Thomson Reuters’ Libor Minus Sex % line of credit used by Standard Chartered demolition crews]
.jpg)
Val Gooding director of Standard Chartered and erstwhile director of British Airways who allegedly used a Libor Minus Sex % line of credit to form Vancouver’s Oneworld Management Company and reserve Sabre seats for Bin Laden Group pilots on 9/11.
“BBA - British Bankers Association - LIBOR Crime Scenes, Pedophile Blackmail & Entrapment”
“9/11 (10-10) Abel Danger Resolution Trilogy Volume III - Pattern of the Signs part 4-4 [Note KPMG is Libor professional associate of BBA director bank, Standard Chartered]”
“Reuters [BBA Wag the Dog data compiler for Libor Minus Sex % lines of credit]..Standard Chartered left U.S. vulnerable to terrorists Mon Aug 6, 2012 1:46pm EDT (Please be advised that paragraph 4 contains reference to language that some readers may find offensive)
By Jonathan Stempel and Carrick Mollenkamp
(Reuters) - A rogue Standard Chartered Plc banking unit violated U.S. anti-money laundering laws by scheming with Iran to hide more than $250 billion of transactions, and may lose its license to operate in New York State, a state banking regulator said on Monday.
Benjamin Lawsky, superintendent of the state's department of financial services, said Standard Chartered Bank reaped hundreds of millions of dollars of fees by scheming withIran's government despite U.S. economic sanctions to hide roughly 60,000 transactions from 2001 to 2010.
Lawsky's order quotes a senior Standard Chartered official in London who, upon being advised by a North American colleague that its Iran dealings could cause "catastrophic reputational damage," reportedly replied:
"You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians."
Lawsky said the unit of the London-based bank was "apparently aided" by its consultant Deloitte & Touche LLP, which hid details from regulators, and despite being under supervision by the Federal Reserve Bank of New York and other regulators for other compliance failures.
The bank's actions "left the U.S. financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes, and deprived law enforcement investigators of crucial information used to track all manner of criminal activity," Lawsky said in an order made public on Monday.
"In short, Standard Chartered Bank operated as a rogue institution," Lawsky added. A Standard Chartered spokesman said the bank "is conducting a review of its historicalU.S. sanctions compliance and is discussing that review with U.S. enforcement agencies and regulators. The group cannot predict when this review and these discussions will be completed or what the outcome will be."
It was unclear whether other companies are being targeted in the probe.
Lawsky said he is also investigating "apparently similar" schemes to conduct business with other countries subject to U.S. sanctions, including Libya, Myanmar and Sudan. Deloitte, Lawsky and the New York Fed did not immediately respond to requests for comment. The Iranian Embassy in Washington, D.C. was not immediately available for comment. A U.S.Department of Justice spokeswoman declined to comment on whether that agency is conducting its own probe.
U-TURN
The charges are the latest by U.S. law enforcement that highlight how banks might have systematically moved U.S. dollars through sanctioned countries despite a federal crackdown.
New York banking licenses let foreign banks operate a hub to handle transactions in U.S. dollars, the world's most widely-used currency. Without that hub, a bank would lose access to the dollar markets.
Removal of a U.S. banking license could be unprecedented, and the threat of losing it could force Standard Chartered into at least paying a large fine and adopting compliance reforms.
Lawsky said Standard Chartered moved money through its New York branch on behalf of Iranian financial clients, including the Central Bank of Iran and state-owned Bank Saderat and Bank Melli, which were subject to U.S. sanctions.
At the center were the alleged "U-Turn" transactions -- money moved for Iranian clients among [Libor Minus Sex%] banks in the United Kingdom and Middle East and cleared through Standard Chartered's New York branch, but which neither started nor ended in Iran.
Such transactions were permissible until November 2008, when the Treasury Department prohibited them on concerns that they were being used to evade sanctions, and that Iranwas using banks to fund nuclear and missile development programs.
The order contended that Standard Chartered found ways to circumvent the rules, such as by altering message fields and inserting phrases such as "NO NAME GIVEN" to hide the nature of the transactions.
Standard Chartered's New York branch [before 9/11 on Floor 11 of Building 7] held $40.8 billion of assets as of March 31, Lawsky said.
Standard Chartered as of June 2011 was one of only 10 foreign-owned institutions with "direct bidder" access to U.S. government debt auctions through a computerized system. (Additional reporting by Dena Aubin, Joseph Ax, Emily Flitter in New York, Aruna Viswanatha in Washington, D.C. and Steve Slater in London; Editing by Lisa Von Ahn and Leslie Gevirtz)”
“According to CNN and Chapter 5 - WTC Seven - The WTC Report
“Reuters [BBA Wag the Dog data compiler for Libor Minus Sex % lines of credit]..Standard Chartered left U.S. vulnerable to terrorists Mon Aug 6, 2012 1:46pm EDT (Please be advised that paragraph 4 contains reference to language that some readers may find offensive)
By Jonathan Stempel and Carrick Mollenkamp
(Reuters) - A rogue Standard Chartered Plc banking unit violated U.S. anti-money laundering laws by scheming with Iran to hide more than $250 billion of transactions, and may lose its license to operate in New York State, a state banking regulator said on Monday.
Benjamin Lawsky, superintendent of the state's department of financial services, said Standard Chartered Bank reaped hundreds of millions of dollars of fees by scheming withIran's government despite U.S. economic sanctions to hide roughly 60,000 transactions from 2001 to 2010.
Lawsky's order quotes a senior Standard Chartered official in London who, upon being advised by a North American colleague that its Iran dealings could cause "catastrophic reputational damage," reportedly replied:
"You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians."
Lawsky said the unit of the London-based bank was "apparently aided" by its consultant Deloitte & Touche LLP, which hid details from regulators, and despite being under supervision by the Federal Reserve Bank of New York and other regulators for other compliance failures.
The bank's actions "left the U.S. financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes, and deprived law enforcement investigators of crucial information used to track all manner of criminal activity," Lawsky said in an order made public on Monday.
"In short, Standard Chartered Bank operated as a rogue institution," Lawsky added. A Standard Chartered spokesman said the bank "is conducting a review of its historicalU.S. sanctions compliance and is discussing that review with U.S. enforcement agencies and regulators. The group cannot predict when this review and these discussions will be completed or what the outcome will be."
It was unclear whether other companies are being targeted in the probe.
Lawsky said he is also investigating "apparently similar" schemes to conduct business with other countries subject to U.S. sanctions, including Libya, Myanmar and Sudan. Deloitte, Lawsky and the New York Fed did not immediately respond to requests for comment. The Iranian Embassy in Washington, D.C. was not immediately available for comment. A U.S.Department of Justice spokeswoman declined to comment on whether that agency is conducting its own probe.
U-TURN
The charges are the latest by U.S. law enforcement that highlight how banks might have systematically moved U.S. dollars through sanctioned countries despite a federal crackdown.
New York banking licenses let foreign banks operate a hub to handle transactions in U.S. dollars, the world's most widely-used currency. Without that hub, a bank would lose access to the dollar markets.
Removal of a U.S. banking license could be unprecedented, and the threat of losing it could force Standard Chartered into at least paying a large fine and adopting compliance reforms.
Lawsky said Standard Chartered moved money through its New York branch on behalf of Iranian financial clients, including the Central Bank of Iran and state-owned Bank Saderat and Bank Melli, which were subject to U.S. sanctions.
At the center were the alleged "U-Turn" transactions -- money moved for Iranian clients among [Libor Minus Sex%] banks in the United Kingdom and Middle East and cleared through Standard Chartered's New York branch, but which neither started nor ended in Iran.
Such transactions were permissible until November 2008, when the Treasury Department prohibited them on concerns that they were being used to evade sanctions, and that Iranwas using banks to fund nuclear and missile development programs.
The order contended that Standard Chartered found ways to circumvent the rules, such as by altering message fields and inserting phrases such as "NO NAME GIVEN" to hide the nature of the transactions.
Standard Chartered's New York branch [before 9/11 on Floor 11 of Building 7] held $40.8 billion of assets as of March 31, Lawsky said.
Standard Chartered as of June 2011 was one of only 10 foreign-owned institutions with "direct bidder" access to U.S. government debt auctions through a computerized system. (Additional reporting by Dena Aubin, Joseph Ax, Emily Flitter in New York, Aruna Viswanatha in Washington, D.C. and Steve Slater in London; Editing by Lisa Von Ahn and Leslie Gevirtz)”
“According to CNN and Chapter 5 - WTC Seven - The WTC Report
Tenant
Square Feet Leased
Floors Occupied
Industry
Notes
Square Feet Leased
Floors Occupied
Industry
Notes
Salomon Smith Barney
Sq. Ft. Leased: 1202900
Floors Occupied: 0–6, 13, 18–46
Industry: Financial Institutions
Internal Revenue Service Regional Council
Sq. Ft.: 90430
Floors Occupied: 24, 25
Industry: Government
U.S. Secret Service
Sq. Ft. Occupied: 85343
Floors Leased: 9,10
Industry: Government
American Express Bank International
Sq. Ft. Leased: 106117
Floors Occupied: 7, 8, 13
Industry: Financial Institutions
Standard Chartered Bank [Libor Minus Sex % finance for Amec diesel upgrade to WTC#7!]
Sq. Ft. Leased: 111398
Floors Occupied: 10, 13, 26, 27
Industry: Financial Institutions
Provident Financial Management
Sq. Ft. Leased: 9000
Floors Occupied: 7, 13
Industry: Financial Institutions
ITT Hartford Insurance Group
Sq. Ft. Leased: 122590
Floors Occupied: 19–21
Industry: Financial Institutions
First State Management Group
Sq. Ft. Leased: 4000
Floors Occupied: 21
Industry: Insurance
Federal Home Loan Bank
Sq. Ft. Leased: 47490
Floors Occupied: 22
Industry: Financial Institutions
NAIC Securities
Sq. Ft.: Leased: 22500
Floors Occupied: 19
Industry: Insurance
Securities & Exchange Commission
Sq. Ft.: 106117
Floors Leased: 11, 12, 13
Industry: Financial Institutions
New York City Office of Emergency Management
Sq. Ft. Leased: 45815
Floors Occupied: 23
Industry: Government
“LINDEX - Benchmarking Emerging Market Index Rates General Since December 2000 the BBA in co-operation with Reuters has been benchmarking South African Rand emerging market interest rates on a daily basis. This complements the existing BBA LIBOR series. LINDEX Rates can be obtained from the Reuters pages LINDEX01. The BBA plan to add other LINDEX currencies in due course.
An individual LINDEX contributor Panel Bank contributes a bid/offer spot in the currency for the relevant periods for reasonable market size at 11.00hrs London time. Rates are released at 12.00 London time. Contributor banks input their rate on each London business day without reference to prices contributed by other Contributor Panel banks. ZAR LINDEX will not be benchmarked if less than 8 contributions are received.
After calculating the mid-point from each data point submitted, the spot and forward rates for each maturity will be ranked and the middle two quartiles averaged to calculate the mid-point average. The implied interest rate benchmark is calculated using the formula: where: forward = spot + forward points
spot = the appropriate $/Rand spot rate (Rand per $)
RUS% = the USD BBA LIBOR rate for the appropriate maturity [where real rate of LIBOR MINUS SEX % depends on the sexual services – including pedophile services through SOS Children’s Villages – offered by the borrower and accepted by the lender]
Maturities:
BBA ZAR LINDEX rates are benchmarked for the following maturities:
Spot
SW
1 month
3 month
6 month
9 month
12 month
BBA ZAR LINDEX contributor banks
ABSA
Barclays
BNP Paribas
Chase
CSFB
Deutsche Bank
HSBC
Investec
Nedbank
RBS Group
Standard Bank
Standard Chartered Bank”
More to follow.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.