Description
For anyone who trusts a bank with their salary: HSBC opened its doors in 1865 to finance the trade between Europe and Asia — and the most valuable thing in that trade was opium.
Inside: the auction-and-look-away system that invented plausible deniability, the merchant houses moving 20,000 chests a year, the war fought to keep the drug flowing — and the December 2012 case where HSBC paid $1.9 billion after moving at least $881 million in drug-cartel money.
Some visuals are AI-generated or dramatized illustrations representing real events and people. All research is original and sourced.
Chapters
0:00 Too big to jail
1:16 The triangular trade
2:49 How Britain got a nation addicted
4:10 The merchant princes & the Opium War
6:08 HSBC is born
7:03 Washing money into a balance sheet
7:37 You launder the memory
8:03 December 2012: $1.9 billion, nobody jailed
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