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's head of compliance quits after the bank's Mexico branch, which moved billions of dollars of bulk cash through HSBC's U ...

HSBC entered Mexico by acquiring Grupo Financiero Bital in 2002, where, in 2012, it faced penalties of more than $2 billion by the U.S. regulatory authorities over anti-money laundering failures.

“The Permanent Subcommittee on Investigations has scheduled a hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History,” on Tuesday, July 17 ...