Consumer complaint received 2022-01-13
Product: Money transfer, virtual currency, or money service — International money transfer
Issue: Fraud or scam — 
Company: HSBC NORTH AMERICA HOLDINGS INC. (IL)

This complaint should be submitted to the following financial institution under the federal regulations of the FEDERAL TRADE COMMISSION and XXXX 'S THE XXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX to be filed on the following financial institution : HSBC Bank XXXX XXXX XXXX XXXX is located at XXXX XXXX XXXX. XXXX XXXX XXXX XXXX. Tower XXXX XXXX XXXX. XXXX XXXX This complaint is in nature to the following transaction initiated by XXXX  XXXX XXXX, XXXX. Please review the detailed information below produced and provided by XXXX XXXX XXXX, XXXX. This complaint can be used for EDUCATIONAL PURPOSES ONLY for teaching those that need to know and learn about online investing and investing within and with a country like XXXX for all the evidence that will be produced will be truthful information in accordance with the Federal Trade Commission and XXXX Federal Trade Commission. How can anyone go wrong when one place trust in the system or in the process of both countrys rules, regulations, policies, procedures, applicable laws and statutes, and the receiving bank or institution does not and does not or can not answer or respond to the sending banking institutions request for recall and return such funds due to fraud and money laundering. 
We must validate and see if the receiving bank did surrender an answer or response to the sending bank or institutions request XXXX XXXX XXXX XXXX, XXXX. ) and now everyone must get involved to police these events and activities from ever happening again. Now lets take a look at the proof of such transaction performed by XXXX XXXX XXXX, XXXX. ( PLEASE POST THIS FOR EDUCATIONAL PURPOSES ) WIRE TYPE : XXXX XXXX XXXXXXXX XXXX ET XXXX SERVICE XXXX XXXX : XXXX XXXX XXXX XXXX XXXX : HSBC XXXX XXXX XXXX ) XXXX ID XXXX XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX RELATED Review the information submitted to XXXX XXXXXXXX XXXX, XXXX. 
XX/XX/XXXX Amount : XXXX Type : Withdrawal Description : WIRE TYPE : XXXX OUT XXXX XXXX ET XXXX SERVICE XXXX XXXX : XXXX XXXX XXXX XXXX XXXX : HSBC BANK XXXX XXXX ) XXXX ID : HSBCXXXX PMT XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX-RELATED Merchant name : XXXX XXXX Merchant information XXXX XXXX category : Cash, Checks & XXXX : Other XXXX XXXX currencies in XXXX : ( new ) ( {$5000.00} XXXX {$1500.00} ) HSBC Bank ( XXXX ) XXXX XXXX XXXX Name : XXXX XXXX ( Broker w/ XXXXinancial licenses ) Beneficiary account number XXXX XXXX Shortcut code/bank transfer account number ( shortcut code ) : HSBCXXXX Bank XXXX : XXXX Bank Address : No. XXXX, XXXX XXXX, XXXX XXXX XXXX XXXX, XXXX XXXX, XXXX XXXX, XXXX -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Post date : XX/XX/XXXX Amount : XXXX Type : Withdrawal Description : WIRE TYPE : XXXX OUT XXXX XXXX ET XXXX SERVICE XXXX XXXX : XXXX XXXX XXXX XXXX XXXX : HSBC BANK XXXX XXXX ) XXXX ID : HSBCXXXX PMT XXXX XXXX XXXXXXXX XXXX XXXXXXXX RELATED Merchant name : XXXX XXXX Merchant information : Transaction category : Cash, Checks & XXXX XXXX XXXX Expenses -- -- -- -- -- -- -- -- -- XXXX -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- - Now please contact HSBC BANKING and ask for their official license and certification under the Federal Trade Commission and XXXX XXXX Commissions regulations to receive funds that should be under strict rules XXXX regulations, policies, and specific procedures under both country statutes and laws. 

When another Bank in Good Faith transfers funds to another financial institution in Good Faith and under good purposes and intentions should the receiving bank or institution too should receive and accept such funds in Good Faith and do exactly what the funds are set out in the disclaimer to do? If funds are for TRADING PURPOSES, then such funds are to be placed in a FOR TRADING PURPOSE ACCOUNT and to be pooled for TRADING PURPOSES ONLY. The receiving bank should have Trading purposes licenses or certificates in their system in accordance with the Federal Trade Commission and Regulators requirements. The receiving bank or institution too should have the true name of the person or accountholder name, date of birth, address for an immediate request by the bank in accordance with Federal Trade Commission Regulations. 

When a sending bank or institution send out something in good faith and there is an issue or an alert of illegal events or activities should the receiving bank or institution immediately respond and respond with proper documentation that such account or transfer was proper and is in accordance with the Federal Trade Commissions regulations. Should the receiving bank alert the sending bank that such funds have been received and arrived for the intended purposes such as trading? 
When the receiving bank can not answer the sending bank request to recall such funds or perform a reversal and a Hold Harmless Letter or Letter of Indemnity claim do we have a breakdown in the process so set up and established by the Federal Trade Commission and the XXXX Trade Commissions regulations? 

When the receiving bank can not notify law enforcement on their end to report this illegal bank account and to report such receiving account as a money-laundering account should we say that such receiving bank is not operating in GOOD FAITH and is aiding and abiding in money laundering? 

Does the Money Laundering Statue read and states as follows? 
The Money Laundering Control Act of 1986 ( Public Law 99-570 ) is a United States Act of Congress that made money laundering, a federal crime. It was passed in 1986. It consists of two sections, 18 U.S.C. 1956 and 18 U.S.C. 1957. It for the first time in the United States criminalized money laundering. Section 1956 prohibits individuals from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known as " specified unlawful activities '' ( SUAs ). Additionally, the law requires that an individual specifically intends in making the transaction to conceal the source, ownership, or control of the funds. The law states that there is no minimum threshold of money, nor is there the requirement that the transaction succeeds in actually disguising the money. Moreover, a " financial transaction '' has been broadly defined, and need not involve a financial institution, or even a business. Merely passing money from one person to another, so long as it is done with the intent to disguise the source, ownership, location, or control of the money, has been deemed a financial transaction under the law. Section 1957 prohibits spending in excess of {$10000.00} derived from an XXXX, regardless of whether the individual wishes to disguise it. This carries a lesser penalty than money laundering, and unlike the money laundering statute, requires that the money passes through a financial institution. [ 1 ] [ 2 ] Now after reading the above paragraph should the receiving bank should have acted and responded to the sending bank XXXX XXXX XXXXXXXX XXXX, XXXX. ) in a timely manner to reverse the transaction and immediately notified the local law enforcement agency in their jurisdiction and reported the account holder to local law enforcement. 
Do we live on the general principles when you see something, you say something? 

With the above-noted paragraphs in nature to HSBC Banking ( International ), The CFC should immediately contact such financial institutions and ask for the records in response to XXXX XXXX XXXXXXXX XXXX XXXX. request and why such financial institution has not answered or responded to XXXX XXXX XXXXXXXX, XXXX. 

I the complainant have done everything I am supposed to do, and these funds should be still within the banking system for they should not have ever gone out if the Trading disclosure has not been met. 

By now the receiving bank should have notified the Federal Trade Commission and the XXXX XXXX XXXX of these crimes to prevent others from falling victims to this criminal network. 

Any failure on other parts and not my parts is not my fault or responsibility. I paid XXXX  XXXX XXXX, XXXX. to perform a legal transaction for legal purposes only and without any intent to mislead such transfer for other purposes. 

The Disclosure says for Trading Purposes only under the XXXX XXXX XXXX under a licensed agent that XXXX XXXX XXXX should have on file and in their system to be able to set up and establish a trading account. 

Since such receiving bank will not answer XXXX XXXX XXXX, XXXX. now they should immediately answer Consumer Financial Protection Bureau, XXXXXXXX XXXX XXXX XXXX XXXX XXXX  XXXX XXXX XXXX XXXX XXXX and THE FEDERAL TRADE COMMISSION showing proof that this complaint is not legal, accurate, or truthful. They must produce FACTS on what they sent back to XXXX  XXXX XXXX, XXXX. and to show proof to the Consumer Financial Protection Bureau and the Federal Trade Commission and XXXX XXXX XXXX what records they produced and provided to XXXX  XXXX XXXX, XXXX, and the local law enforcement agency. 

To contact the Federal Bureau of Investigation you can go here to file such IC3 Report so that such event of activities can match up. https : XXXX # If I can file a report to local law enforcement and other agencies so should the banking institutions and the alleged people names that are on or associated with these accounts. Everything must iron out and equal out for funds are still missing and still outstanding in accordance with the Federal Trade Commission and XXXX XXXX Commissions regulations. 

Funds were to be deposited into this XXXX XXXX  and XXXX XXXX Trading account under the physical address listed for the record of : XXXX XXXX and XXXX  Trading CEO : XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX XXXX, XXXX XXXX, XXXX XXXX : XXXXXXXX XXXX XXXX XXXX ________________________ XXXX XXXX and XXXX Trading XXXX : XXXX XXXX XXXX, XXXX XXXX XXXX No. XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX XXXX : XXXX https : XXXX _________________________ Senior Broker/Trader Instructor name is XXXX XXXX her name should be in these records and it is her is the one that can vouch that this trading took place under the Country of XXXX 's Trading Regulations. If XXXX 's law enforcement needs her information, I will assist in whatever is needed for them to deal with her directly. 

The financial institution should have all legal account information and sworn affidavit and police report showing that such was reported to their local law enforcement agency or agencies and something showing date and time when responding back to XXXX XXXX XXXXXXXX, XXXX. in nature to why these funds were not returned back to XXXX XXXX XXXXXXXX, XXXX. on XXXX  XXXX XXXX, XXXX. recall such funds or perform a reversal and a Hold Harmless Letter or Letter of Indemnity claim do we have a breakdown in the process so set up and established by the Federal Trade Commission and the XXXX Trade Commissions regulations? 

By now everyone should have something on this public matter or request for the safety of consumers in accordance with the Federal Trade Commission Regulations in both countries.