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 ...

"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 ...

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 ...

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 ...

"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 2012, HSBC was fined $1.9bn and entered into a Deferred Prosecution Agreement for facilitating the laundering of money by the Mexican drugs cartel headed by Joaquín “El Chapo” Guzmán.

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 ...

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 ...

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 ...

"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 ...

Chaparro, prosecutors alleged, helped run a money-laundering ring for drug traffickers that took advantage of lax controls at UK-based international banking group HSBC Holdings Plc. It was one of ...

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 ...