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.

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    The U.S. Senate Permanent Subcommittee on Investigations has been investigating HSBC for months as part of an effort by Congress to probe shadowy money flows. The title of the hearing is "Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing ...
    07/11/2012 - 2:00 am | View Link
  • 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. "It is right that we ...
    07/11/2012 - 2:00 am | View Link
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