Tag: HSBC Mexico

• Wednesday, December 12th 2012 - 21:13 UTC

  HSBC fined 1.9bn for money laundering for drug barons and rogue nations

  

  The US said “dangerous practices” at HSBC allowed the bank to pass money to “drug kingpins and rogue nations”, as it fined it 1.9 billion dollars. HSBC agreed the fine, the largest of its kind, earlier on Tuesday.

• Monday, July 30th 2012 - 23:35 UTC

  HSBC puts aside 2 billion dollars to cover possible money-laundering fines

  

  HSBC has put aside 2 billion dollars to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.

• Tuesday, July 17th 2012 - 19:27 UTC

  HSBC grilled in US Senate for lax controls enabling billions of money laundering

  

  The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.