The settlement, a combination of forfeitures and civil penalties ... filed in Brooklyn federal court, means HSBC avoids a criminal conviction on money laundering and other major charges ...

HSBC isn't the first large bank to face scrutiny over money laundering issues from U.S. regulators and law enforcement. Last month, Dutch bank ING agreed to pay a $619 million penalty for moving ...

HSBC admitted having poor money laundering controls and apologised ... BBC business editor Robert Peston said that as big as the $1.9bn penalty looks, it could have been much worse.

Settling charges it gave drug lords and terrorists access to the U.S. financial system, British banking giant HSBC (NYSE:HBC) agreed to pay a record $1.92 billion on Tuesday and accepted ...

"The lack of an effective anti-money laundering program at ... billion in its deal with the government, HSBC also agreed to pay $665 million in civil penalties, including $500 million to the ...

HSBC isn't the first large bank to face scrutiny over money laundering issues from U.S. regulators and law enforcement. Last month, Dutch bank ING agreed to pay a $619 million penalty for moving ...

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

Just two years earlier, HSBC had entered into cease-and-desist orders with both the Fed and the OCC in connection with its anti-money-laundering efforts. When the penalties came down in 2012, then-CEO ...

HSBC agreed to pay $1.9 billion, the largest penalty ever imposed on a bank ... bank's "blatant failure" to implement proper anti-money laundering controls permitted drug organizations in Mexico ...

HSBC conceded that its anti-money laundering measures were inadequate ... in a case involving a bank -- and $655 million in civil penalties. Under what is known as a deferred prosecution agreement ...

According to the official, HSBC will pay $1.25 billion in forfeiture and pay $655 million in civil penalties ... its internal controls to prevent money laundering. The Justice Department has ...