Tag Archives: Bank Audi

That is the stage we comment on and most comment on events in Europe, most would and that is not bad. But something happened in Lebanon that got my attention (something is always happening there). You see, many might have noticed ‘UAE set to be put on money laundering watchdog’s ‘grey list,’ report says’ (source: CNBC), we are given quotes like “The Financial Action Task Force, an intergovernmental organisation dedicated to combatting money laundering and illicit cash flows, is set to put the United Arab Emirates on its “grey list” over concerns that the Gulf country isn’t sufficiently stemming illegal financial activities”, now I am not debating it, it might be true, it might not. I cannot lay claims to events I have no data on. But whilst we see that, Reuters also gives us (at https://www.reuters.com/business/finance/lebanese-bank-closes-over-30-british-held-accounts-after-uk-ruling-depositors-2022-03-04/) ‘Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group’. There we see “A Bank Audi official told Reuters the bank was “asking that the UK residents apply the terms applicable to anyone opening a new account: no international transfers, no cash withdrawals””, so just to help me out. You create a bank account and you are not allowed to withdraw cash? How does that make the bank a bank? And we also get “More than $100 billion remains stuck in a banking system paralysed since 2019, when the economy collapsed due to decades of unsustainable state spending, corruption and waste”, as such my question becomes what on earth is the Financial Action Task Force doing monitoring banks? First Credit Suisse, through state sponsored hacking and now we see Bank Audi. Two elements showing a massive cash stage running into the hundreds of billions. So what the hell is the Financial Action Task Force doing? Why are they not investigating banks? We see the mention of Switzerland, the United Arab Emirates, the mention of nations, not banks. Banks are seemingly flying below the radar and we see an alleged flaccid response from action groups. Oh and it would be nice to see specifics. Not some journo’s BS approach towards emotional garbage. I discussed this in ‘The presumption is mine’ (at https://lawlordtobe.com/2022/02/21/the-presumption-is-mine/) where I wrote “so all that space on what amounts to 0.03% of the entire amount. Just like the ICIJ, shortsighted and a waste of time. So we get repeated invitations to explain 0.03% of what is such a massive leak? Is anyone waking up yet?”, now if the FATF did its job and also gives us why the UAE needs to be on a grey list and NOT the bank it becomes a different story, optionally an acceptable one. That same setting applies to Switzerland, home to 242 banks and Credit Suisse. Oh, and before I forget the data leak never explained (it never will) why such harsh methods needs to be applied to the other 242 banks. No one ever asked that question, not other authorities, not the wannabe journalists either. Is that not weird too?

We need to see where we are going and what games certain parties are playing. I saw the Credit Suisse for nothing but a simple fishing expedition. A chumming exercise by the NSA (most likely culprit) to get some of the fish out there. And no one saw that? I am clever, but I am not that clever (compared to self proclaimed clever people), which (as I personally see it) implies orchestration. 

Am I right, am I wrong? I also ask that question from myself. The Switzerland setting alerted me to weirdness of it all, the UAE draws the setting to the surface. The UAE and its 20 local and 30 foreign banks. Yes that is also the case, so the FATF better come with a very good and very large folder with evidence on a whole range of banks. And before you think the UAE does nothing, we saw a week ago “The government confiscated assets worth $625m last year.” As such I hope that the FATF can prove its setting of “concerns that the Gulf country isn’t sufficiently stemming illegal financial activities” it seems that the UAE has proven activities, so is the FATF merely blowing its own horn? Perhaps it needs to look into the Audi bank and a few other banks too and several of them are not in Switzerland or the UAE. When we see quotes like “About $227.8 million money laundering in USA in 2020 according to our calculation that based 2020 Money Laundering Offense Report”, so how much did the US confiscate? Just asking.