HSBC Mortgage | 0.99% Mortgage Rate & What You Should Know About HSBC | #HSBC

Regina mortgage broker Kevin Carlson talks about HSBC’s record setting mortgage rates here in Canada and goes over their checkered past of money laundering for criminal organizations.

HSBC Hongkong & Shanghai Banking Corporation founded in Hong Kong in 1865 and have grown over the years to have a presence in 64 countries and territories and is currently the largest bank in Europe.

In 2003 & 2010 US banking regulators ordered HSBC to strengthen their Anti-Money Laundering practices. In July 2012, a US Senate committee issued a report which stated that HSBC had been in breach of money-laundering rules. In December 2012, HSBC was fined 1.9 BILLION dollars by the US government for allegedly laundered at least $881 million for various drug cartels.

Since then HSBC has had to address continual allegations of illegally cooperating some of the most dangerous drug and terror organizations in the world, which would potentially allow them to grow and thrive over the last 15 years.

On Sept. 21 of 2020, The International Consortium of Investigating Journalists published their findings from a 16-month investigation into HSBC’s banking services to these global criminal enterprises.

On Dec. 7th of 2020, the largest mortgage company in Canada Dominion Lending Centres, announced that they will be adding HSBC to the list of lenders that we can broker mortgages to, for our clients.

Wikipedia – HSBC controversies:

International Consortium of Investigative Journalists:

#mortgagebroker #hsbc #hsbcmortgage #saskatchewan

Find a Dominion Lending Centres mortgage broker that is willing to assist you with an HSBC mortgage:

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Kevin Carlson – Mortgage Broker – FCAA Lic. 315902
Dominion Lending Centres – The Mortgage Firm – FCAA Lic. 316454

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