Golden Handshake civil servant cashes in at money-launderers HSBC
Well I never – gamekeeper turns poacher!
Once Whitehall’s
‘most wined and dined civil servant’, Dave Hartnett, is joining HSBC – the bank
that has just settled a $1.9bn money-laundering settlement
Hartnett, made a Companion of the Order of the Bath (CB) in
2003, retired from HM Customs and Excise in 2012 after being widely criticised
for the scandal that saw millions of people being asked for back dated tax. It was alleged that his department hadn't collected PAYE underpayments
correctly. He told BBC Radio Four "I'm not sure a need to apologise ...We
didn't get it wrong." He later did issue an
unreserved apology.
But the CB gong isn’t his first award – he already has a Golden
Handshake award from UK Uncut for letting Goldman Sachs off their £20m tax
bill.
Hartnett will join Bill Hughes, former head of the Serious
Organised Crime Agency, at HSBC leading a new committee to ensure tighter
compliance with imminent global regulations.
US
regulators found HSBC had moved billions of dollars in cash from its affiliate
in Mexico to the USA - money that
could only have involved proceeds from illegal drugs. The $1.9bn (£1.2bn) fine
was the largest ever handed out to a bank.
Full report here: sky.com
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