HSBC admitted having poor money laundering controls and apologised ... 1.5bn to cover the costs of any settlement or fines. The news followed the announcement of a similar but much smaller ...

The report alleges the UK “hampered” the probe and “influenced” the outcome. HSBC was accused of letting drug cartels use US banks to launder funds. A US Congressional report revealed UK ...

HSBC might pay $1.8bn money laundering fine: Sources HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses ...