Share “British bank HSBC is hit with $1.9B in...”

British bank HSBC is hit with $1.9B in U.S. fines over money laundering claims

American authorities on Tuesday cited “astonishing” dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world.

By LARRY NEUMEISTER and CHRISTINA REXRODE Published: December 12, 2012
Advertisement

NEW YORK — American authorities on Tuesday cited “astonishing” dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world.

HSBC agreed to pay...
Read the rest of the story on Oklahoman.com
NewsOK.com has disabled the comments for this article.