Bank HSBC to pay $1.9 billion in fines
U.S.: Britons’ money laundering rife
Posted: December 12, 2012 at 4:24 a.m.
American authorities on Tuesday cited “astonishing” dysfunction at HSBC after the British bank agreed to pay $1.9 billion in penalties for helping Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world.
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Front Section, Pages 1 on 12/12/2012