U.s. Report Says Hsbc Handled Iran, Drug Money

HSBC

WASHINGTON (Reuters) - A "pervasively polluted" culture at HSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world's most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and Syria, according to a scathing U.S. Senate report issued on Monday.

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Topics:  banks   congress   hsbc   iran   mexico   money laundering   saudi arabia   senate   syria   
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    08/24/2012 - 3:59 am | View Link
  • Lloyds is latest bank to be engulfed by rates scandal as U.S. state demands evidence
    Lloyds ... Iran. It stands to face further fines and settlements from other regulators who are yet to seek a payout. The scandal followed hot on the heels of a report that branded HSBC ‘polluted’ for failing to prevent money-laundering by Mexican drug ...
    08/16/2012 - 2:15 pm | View Link
  • U.S. report says HSBC handled Iran, drug money
    A “pervasively polluted” culture at HSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world’s most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and ...
    07/16/2012 - 11:56 pm | View Link
  • UPDATE 5-U.S. report says HSBC handled Iran, drug money
    WASHINGTON, July 16 (Reuters) - A "pervasively polluted" culture at HSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world's most dangerous and secretive corners, including Mexico, Iran, the Cayman ...
    07/16/2012 - 4:11 pm | View Link
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