1/13/2024 0 Comments Huawei lew laterNow that agreement, and this is an interesting point, has a five-year life. Where they agreed to what is called a deferred prosecution agreement. And they reached an agreement with the department of justice in December 2012. In the mid-2010, 2015 range basically, HSBC at that time was found guilty of breaching US sanctions, specifically with regard to Iran. This is not a situation that came as a bolt of lightning out of for many years, there had been a creeping pressure to reign in activities within financial services that related to anti-money-laundering and to sanctions.Īnd this basically culminated in a case against HSBC. ![]() Warren Vincent: Yeah, look, I think it probably goes back a little bit further than that, Warren, and I think it might help listeners to understand a little bit about the context here. We had things were going along, and somebody made a PowerPoint presentation or is that, or does it go back farther than that? And the same with this the trade war situation, which I think the average person doesn’t get enough exposure to obviously in finance, a lot. I, my interest is how these screwy things happen and understanding them enough because I figure like if something’s going on, if there’s a pandemic out there, even if I’m sitting here in a safe place or what I feel is the safe place. Warren Whitlock: Most of what I watch well, and in current events, when it comes right down to it, I don’t have a strong opinion one way or the other. And as I say, it just keeps me up to speed. Obviously, throughout my career, I have to keep myself up to speed in what is going on in the world of compliance and the world of banking.Īnd obviously, a topic like this is something that has a particular interest because it brings together the trade aspects together with the geopolitical aspects. I’ve spent 30 years working in finance, and from 1998, till 2004, I was a senior executive with HSBC in the United States. Look, my background is very straightforward. ![]() Warren Vincent: Look, thank you for that intro Warren. But tell me something about, other than your great name, something about this whole situation. And Warren and also welcome, I think my first Warren on a podcast interview. There might be a lot more substance to it. It makes a lot of sense how much nonsense this might be to me, but I don’t know. What’s going on with Huawei, China, the US, Canada, Sabrina Meng, and HSBC… trying to figure that out and. And we’re here because of what I’ve been reading about. Warren Whitlock: Hi Warren Whitlock, here with another Warren. ![]() Transcript Understanding the Conflicts Behind the Arrest of Huawei’s CFO in Canada
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |