Federal officials expressed pride when they announced ... its prosecution, HSBC admitted that executives for years ignored warning signs that drug cartels in Mexico were using its branches to ...

HSBC after all, has come under focus for alleged failures relating to its business in Mexico. The bank has been fined by Mexican regulators and faces ongoing investigations by the U.S. Justice ...

Alarmed, even. I am close to picking up the phone to your CEO,” Mr Root wrote in an email to Ramon Garcia Gibson, head of compliance for HSBC’s Mexico unit. HSBC had tried to change the ...

Guillermo Babatz, head of Mexico's banking and securities commission (CNBV), said that from 2002 the watchdog had become aware of “weaknesses” in HSBC's anti-laundering controls.

HSBC Mexico said it recognised it had "failed to strictly comply with banking regulations" Mexican regulators have imposed a fine of $27.5m (£17.7m) on banking giant HSBC for its failure to ...

Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering through accounts at the bank. Mexico's National ...

MEXICO CITY (Reuters) – Mexico’s probe into the local operations of Europe’s biggest bank, HSBC Holdings Plc, over lax controls against money laundering has concluded following a fine ...