The article linked below paints a disturbing picture of the status of the US government’s efforts to combat money laundering, especially where it applies to Iran, the world’s foremost state sponsor of Jihadist terrorism.

Note in the article that it is mentioned that Stuart Levey, the former Treasury Department official charged with counterterrorism duties, is now with HSBC. HSBC was recently heavily fined for doing business with Iran in violation of US sanctions.

More to the point, HSBC is the West’s leader in promoting Shariah-compliant finance.

Where does Levey fit in?

Well, when Levey was briefed on Shariah-compliant finance by experts on this issue while he was with the US Treasury Department, his response was to say that “I don’t know what Shariah is, but it can’t be what you say it is.”

http://in.reuters.com/article/2012/09/21/usa-treasury-moneylaundering-idINL1E8KL8FG20120921

 

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