Banks that are behaving bad.

[Herodes]

I will try to keep this post updated with the large banks that doesn't behave well. This list could be used as an argumentative point, when somebody rejects to do business with you, because you're involved with bitcoins. And because bitcoins could be used for unethical purposes. Extending that line of thought, the same institutions should stop to cooperate with at least these banks:

Standard Chartered - Hid $250 billion worth of Iranian client transactions that were carried out over ten years

Barclays - The Barclays rate-fixing scandal

HSBC - Drug money laundering, financing terrorism, moved money to Iran, facing 640 million pund fine.

ING Bank - And in June ING Bank was fined $619 million for its role in processing $1.6 billion through the US financial system for Cuba, Iran, Myanmar, Sudan and Libya.

Deutche Bank -
Germany’s biggest bank, was ordered to pay 15 million euros ($19.7 million) in a lawsuit over a currency option product it sold to a client.

[marcus_of_augustus]

I think you'll find that the claimed Standard Chartered figure is $250 billion, not million (3 orders of magnitude difference).

[Herodes]

I think you'll find that the claimed Standard Chartered figure is $250 billion, not million (3 orders of magnitude difference).

You stand correct. First post updated. Thank you.

[JackH]

By the time you are done your list will include all banks in the world. Welcome to the obvious 

[Herodes]

By the time you are done your list will include all banks in the world. Welcome to the obvious 

 

[Evolvex]

By the time you are done your list will include all banks in the world. Welcome to the obvious 

I suspect you may be right

[sauc1er]

Bank Zachodni WBK

http://en.wikipedia.org/wiki/Bank_Zachodni_WBK

froze 3 of my debit cards without reason and demands that I come to Poland in order to get back my 1600€

stay far, far away from them and especially their debit cards

[Herodes]

Bank Zachodni WBK

http://en.wikipedia.org/wiki/Bank_Zachodni_WBK

froze 3 of my debit cards without reason and demands that I come to Poland in order to get back my 1600€

stay far, far away from them and especially their debit cards

Thanks for the warning.

I have an idea, should there be a site, like tripadvisor, but only for banks ? So the customers could see which banks to use, and which to avoid.

[malevolent]

Bank Zachodni WBK

http://en.wikipedia.org/wiki/Bank_Zachodni_WBK

froze 3 of my debit cards without reason and demands that I come to Poland in order to get back my 1600€

stay far, far away from them and especially their debit cards

Did you use the card for any illegal stuff? Did you buy it yourself or did someone else do it for you?

I've had an account there for a few years without (bigger) problems and got two cards.

[knight22]

You want some banks that behaved bad?
Just watch "The Inside Job"

http://vimeo.com/24981578

[sauc1er]

Bank Zachodni WBK

http://en.wikipedia.org/wiki/Bank_Zachodni_WBK

froze 3 of my debit cards without reason and demands that I come to Poland in order to get back my 1600€

stay far, far away from them and especially their debit cards

Did you use the card for any illegal stuff? Did you buy it yourself or did someone else do it for you?

I've had an account there for a few years without (bigger) problems and got two cards.

I got the cards from a reseller and only used them to withdraw from exchanges (bitstamp, mtgox)

[Raoul Duke]

Bank Zachodni WBK

http://en.wikipedia.org/wiki/Bank_Zachodni_WBK

froze 3 of my debit cards without reason and demands that I come to Poland in order to get back my 1600€

stay far, far away from them and especially their debit cards

Did you use the card for any illegal stuff? Did you buy it yourself or did someone else do it for you?

I've had an account there for a few years without (bigger) problems and got two cards.

I got the cards from a reseller and only used them to withdraw from exchanges (bitstamp, mtgox)

That guy on talkgold? lol

[DublinBrian]

Wachovia bank (now part of Wells Fargo) was caught laudering $400 million for mexican drug cartels

http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

[zebedee]

I will try to keep this post updated with the large banks that doesn't behave well. This list could be used as an argumentative point, when somebody rejects to do business with you, because you're involved with bitcoins. And because bitcoins could be used for unethical purposes. Extending that line of thought, the same institutions should stop to cooperate with at least these banks:

Standard Chartered - Hid $250 billion worth of Iranian client transactions that were carried out over ten years

Why is trading with the Iranians "behaving badly"?  I hope your answer is better than "it would upset Uncle Sam and the parasites that control it".  Good for SC for giving them the finger.

[Audriux9]

I will try to keep this post updated with the large banks that doesn't behave well. This list could be used as an argumentative point, when somebody rejects to do business with you, because you're involved with bitcoins. And because bitcoins could be used for unethical purposes. Extending that line of thought, the same institutions should stop to cooperate with at least these banks:

Standard Chartered - Hid $250 billion worth of Iranian client transactions that were carried out over ten years

Why is trading with the Iranians "behaving badly"?  I hope your answer is better than "it would upset Uncle Sam and the parasites that control it".  Good for SC for giving them the finger.

Trading with Iran is against Zionists interests. It is just "normal" that the only truth in the world is what Israel and US together with their sock puppet countries in Western Europe say, if you stand in there way, better watch out your back. They will find a lot of different reasons to accuse you, e.g. you are a terrorist, you are an extremist, you have a nuclear weapon in your possession, you are against some UN law or directive and many others...

I think Standard Chartered will not get away so easily with showing the finger.


Edit:

Well prepared video, explaining purpose of sanctions to Iran and US international politic towards Middle East in a nutshell.

[Herodes]

Well, if you run a bitcoin business, and you have problems because of fears of money laundering, the traditional system seems to have far larger issues with money laundering:

http://money.cnn.com/2012/12/10/news/companies/hsbc-money-laundering/index.html?hpt=hp_t3

[Herodes]

Too funny...

According to a magazine in its online edition, at least 25 employees are suspected of evading hundreds of millions of euros (dollars) in tax and arrest warrants have been issued for five suspects.

http://economictimes.indiatimes.com/news/international-business/police-raid-deutsche-bank-in-tax-fraud-probe-company/articleshow/17586699.cms

[Herodes]

http://www.cbsnews.com/8301-505125_162-57558813/german-police-officers-swoop-on-deutsche-bank-offices-in-tax-evasion-probe/
http://www.news24.com/World/News/Police-raid-Deutsche-bank-headquarters-20121212
http://www.thetimes.co.uk/tto/business/industries/banking/article3629079.ece
http://www.huffingtonpost.com/2012/08/27/brian-mulligan-deutsche-bank-police-brutality_n_1834927.html
http://www.dailymail.co.uk/news/article-2218137/Deutsche-media-executive-Brian-Mulligan-pictured-injuries-following-fight-LAPD.html
http://www.bloomberg.com/news/2012-08-18/deutsche-bank-among-four-said-to-be-in-u-s-laundering-probe.html
http://world-wire.com/2011/09/11/deutsche-bank-faces-money-laundering-probe-over-taib-ties/
http://www.bloomberg.com/news/2012-12-12/hsbc-mexican-branches-said-to-be-traffickers-favorites.html
http://notrickszone.com/2012/12/12/500-german-authorities-raid-deutsche-bank-amid-alleged-tax-evasion-scam-surrounding-co2-certificate-trading/

[knight22]

http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213

[Herodes]

http://money.cnn.com/2013/01/14/news/companies/jpmorgan-regulators-london-whale/index.html?hpt=hp_t3
http://www.forbes.com/sites/steveschaefer/2013/01/14/london-whale-may-blow-hole-in-dimons-jpmorgan-bonus/