Comment On Hsbc To Apologize At U.s. Senate Money Laundering Hearing: Memo

HSBC to apologize at U.S. Senate money laundering hearing: memo

HONG KONG (Reuters) - HSBC plans to "acknowledge and apologize" for failing to spot and deal with money laundering within the bank during a U.S. Senate panel hearing next week, according to an internal memo sent by its chief executive.

  • U.S. Senate probe discloses money laundering by HSBC
    PanARMENIAN.Net - A U.S. Senate probe has disclosed how lax controls at Europe's largest bank left it vulnerable to being used to launder dirty money from around ... offer a formal apology at the hearing. "We will apologize, acknowledge these mistakes ...
    07/17/2012 - 8:03 am | View Link
  • HSBC to Apologize at Senate Hearing
    HSBC Holdings PLC will apologize at a U.S. Senate hearing for its lax efforts to prevent money laundering, the London-based lender's chief executive said in a company memo. "Between 2004 and 2010, our antimoney-laundering controls should have been stronger ...
    07/11/2012 - 12:25 pm | View Link
  • HSBC To Apologize For Being Awful At Preventing Money Laundering
    The bank will apologize to a Senate ... money laundering. In 2003, according to Reuters, the Federal Reserve Bank of New York told HSBC to tighten up its protections against money launderers. The bank failed to do this -- at least, that's what two U.S ...
    07/11/2012 - 9:02 am | View Link
  • Banking giant HSBC to apologize to Senate for ‘lax money-laundering controls’
    An HSBC bank branch in central London-based global banking giant HSBC Holdings will apologise to a US Senate hearing next week for failures in its anti-money laundering controls, a report said Wednesday. HSBC will tell lawmakers at the July 17 hearing that ...
    07/11/2012 - 7:06 am | View Link
  • HSBC to Apologize at Senate Money Laundering Hearing
    HSBC Holdings PLC will apologize at a U.S. Senate hearing for its lax efforts to prevent money laundering, the London-based lender’s chief executive said in an internal memo, Dow Jones Newswires reported. “Between 2004 and 2010, our anti-money ...
    07/11/2012 - 6:04 am | View Link
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  • HSBC Exposed U.S. Financial System to Money Laundering ...
    Monday, July 16, 2012. WASHINGTON – Global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug ...
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  • U.S. Vulnerabilities to Money Laundering, Drugs, and ...
    Download Statement (33.7 KB) Agenda. The Permanent Subcommittee on Investigations held a hearing, "U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist ...
    01/30/2015 - 4:27 am | View Website
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    Get the latest breaking politics news and political coverage of U.S. elections. Get updates on President Obama's White House, Congress and more at ABC News.
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  • HSBC
    HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the world's second largest bank.
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