December 11, 2012 at 14:07 PM EST
HSBC To Pay Record $1.92 Bil Money Laundering Fines
HSBC (HBC) will pay a record $1.92 billion fine to settle U.S. government charges that lax money-laundering controls allowed Mexican drug cartels and rouge nations to shift hundreds of millions of dollars. In papers filed in federal court in New York, the government formally charged the bank with four felony counts, including willfully failing to maintain an effective anti-money-laundering program, and violating sanctions laws by doing business
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here