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HSBC to pay $1.9bn money-laundering fine

Posted on December 11th, 2012 at 18:35 by John Sinteur in category: News -- Write a comment

[Quote]:

Europe’s biggest bank, HSBC, will pay $1.92bn to settle a money-laundering probe by authorities in the United States, the bank has confirmed.

The probe of the British bank has focused on the transfer of billions of dollars on behalf of nations like Iran, which are under international sanctions, and the transfer of money through the US financial system from Mexican drug cartels.

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