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.

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.

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 ...

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.

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 ...

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 ...

HSBC said Tuesday it will pay $1.9 billion to settle a U.S. money-laundering probe, avoiding a protracted legal battle that would have further embarrassed the British banking giant. The probe of ...

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) LONDON (Reuters Breakingviews) - HSBC, executives must be suffering from a sense of déjà vu. Britain’s ...

WASHINGTON HSBC, the British banking giant, said Tuesday it will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States. The probe of the bank ...

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.

The release of a January 2015 report that outlined London-based HSBC Holdings plc 's HSBC irregular efforts to comply with anti-money laundering requirements has been delayed by U.S. judge - John ...