HSBC Holdings PLC has spent hundreds of millions of dollars to overhaul its anti-money-laundering system, including hiring a former British spy and a tobacco-spitting former drug-enforcement ...

WASHINGTON British bank HSBC (HBC) violated the Bank Secrecy Act in connection with the laundering of money from narcotics ... Breuer said at a news conference announcing the settlement.

Assistant US Attorney General Lanny Breuer speaks during a news conference to announce money laundering charges against HSBC on December 11, 2012 in New York City. Federal officials expressed ...

London-based HSBC told FOX Business it is clawing back bonuses related to the money-laundering lapses ... tech and money news that matters to you. We've added you to our mailing list.

The subcommittee said the OCC allowed HSBC's anti-money laundering deficiencies "to fester for years" before finally taking action in 2010, requiring the bank to improve its internal controls.

HSBC conceded that its anti-money laundering measures were inadequate and that it has taken big steps in beefing up its controls. The bank also said it has reached agreements over investigations ...

In 2021, the Guardian newspaper revealed an internal HSBC report with information on how the bank had discovered a suspected money laundering network involving $4.2 billion worth of payments.

drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering. Bagley was among at least six HSBC executives who testified before the Senate’s ...

Customers were reportedly onboarded without proper sanctions screening. HSBC Malaysia and HSBC Amanah Malaysia were ...

HSBC’s Private Bank Violated Money Laundering Rules, Finma Says Bank can’t take new exposed clients until agreed by regulator Transactions from Lebanon worth $300 million face scrutiny ...

We’ll send you a myFT Daily Digest email rounding up the latest US Department of Justice news every morning. HSBC Holdings ... possible violations of anti-money laundering and bank secrecy ...

HSBC operates in more than 80 countries around the world Failure after failure at HSBC led to the London-based bank being used as a conduit for "drug kingpins and rogue nations", a 300-page report ...