Global banking giant and London-based HSBC reportedly failed to prevent billions of dollars of money transfers that a US Senate probe showed were linked to drug cartels and terrorist groups.

NEW YORK (CNNMoney) -- Global banking giant HSBC failed to prevent billions of dollars worth of money transfers that ... of which have been linked to terrorism financing, according to a CIA ...

Last summer, the Senate investigation concluded that HSBC's lax controls exposed it to money laundering and terrorist financing. HSBC bank affiliates also skirted U.S. government bans against ...

"HSBC Exposed U.S. Financial System to Money Laundering, Drug, Terrorist Financing Risks." S&P Global. "HSBC confirms plan to sell US retail business." Reuters. "HSBC puts global footprint under ...

NEW YORK (CNNMoney) -- Global banking giant HSBC will face scrutiny on Capitol Hill next week over its allegedly lax protections against money laundering by organized criminals and terrorist groups.