It has been involved in various controversies and legal issues, including the 2012 money laundering scandal that led to significant reforms and regulatory scrutiny. Despite its challenges ...

HSBC Holdings PLC's chief executive apologized for "shameful" failure in oversight that allowed the U.K. bank's operations to be used by money launderers and potential terrorist financiers ...

What institution is this that deserves to receive the Emmy, the Oscar, the Grammy, and the Tony Award for Money Laundering and Racketeering? HSBC. As reported overnight by the UK-based The ...

But there are some who feel HSBC can still count itself fortunate for not being more heavily punished over their failure to prevent Mexican and Colombian drug cartels from laundering hundreds of ...

Assistant US Attorney General Lanny Breuer speaks during a news conference to announce money laundering charges against HSBC on December ... with the Enron scandal. The conviction was later ...

HSBC has drawn a line under scandal that saw it fined $1.9bn ... the lender had pledged to strengthen its sanctions and money-laundering controls. HSBC said it had "lived up to all its commitments ...

In 2012, HSBC was fined $1.9bn and entered into a Deferred Prosecution Agreement for facilitating the laundering of money by the Mexican drugs cartel headed by Joaquín “El Chapo” Guzmán.

Authorities in Argentina have warned of possible money laundering by HSBC bank in a case involving Anglo-Dutch oil and gas company Shell — the latest in a long line of accusations of the bank’s ...

It’s the latest scandal to hit ... that they moved money for people or companies that were on the U.S. sanctions list. HSBC conceded that its anti-money laundering measures were inadequate ...

Swiss prosecutors are investigating the country's arm of HSBC for suspected money laundering as the scandal over the bank's alleged tax avoidance schemes deepens. A search was ordered of HSBC ...

that scandal-plagued Washington bank was fined a total of $41 million after it was found to have violated anti-money laundering laws, and it was acquired by PNC Financial Services. “HSBC is to ...