WASHINGTON British bank HSBC (HBC) violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited ...

The subcommittee said the OCC allowed HSBC's anti-money laundering deficiencies "to fester ... cartels to launder millions of dollars worth of drug proceeds. Wells Fargo (WFC, Fortune 500) bought ...

"HSBC Exposed U.S. Financial System to Money Laundering, Drug, Terrorist Financing Risks." S&P Global. "HSBC confirms plan to sell US retail business." Reuters. "HSBC puts global footprint under ...

HSBC spent more than $290 million to improve its money-laundering prevention policies ... Colombia's Norte del Valle Cartel and other alleged drug traffickers laundered at least $881 million ...

The report [link to PDF here] which comes ahead of a Senate hearing on Tuesday, said large amounts of Mexican drug money likely passed through the bank. HSBC's U.S. division provided money and ...

"Between 2004 and 2010, our anti-money laundering controls ... millions of dollars worth of drug proceeds. Wells Fargo (WFC, Fortune 500) bought Wachovia in 2008. HSBC is also cooperating with ...

WASHINGTON (AP) — British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited ...

"HSBC's own lax AML [anti-money laundering] controls caused it to be the preferred financial institution for drug cartels and money launderers," the DOJ statement said. "New York is a center of ...

In regard to HSBC and Mexico ... report said that large an amount of cash indicated illegal drug proceeds. Money laundering by banks has become a priority target for U.S. law enforcement.

This week a Senate investigation detailed that HSBC had lax controls against money-laundering and often ignored warnings about clients with ties to drug cartels and terrorists. The bank is also ...

From 2000 to 2009, HSBC gave its lowest risk rating to Mexico "despite overwhelming information indicating that Mexico was a high-risk jurisdiction for drug trafficking and money laundering ...

Money laundering by banks has become a priority ... It said such a large amount indicated illegal drug proceeds. HSBC affiliates also skirted U.S. government bans on financial transactions with ...