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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    04/20/2015 - 7:18 am | View Link
  • US 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 ... report said is "under siege from drug ...
    03/25/2015 - 10:28 pm | View Link
  • US report says HSBC handled terrorist money
    The report concluded HSBC and its US affiliate operated a “pervasively polluted" culture and exposed the US financial system to a wide array of money laundering, drug trafficking ... moved through HSBC was tied to Iran, the report also said, which ...
    07/17/2012 - 9:22 am | View Link
  • HSBC handled Iran, drug money
    WASHINGTON - 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 ...
    07/17/2012 - 9:18 am | View Link
  • HSBC Exec Announces Resignation During Senate Hearing
    The report describes how HSBC's Mexican affiliate moved $7 billion in physical U.S. dollars through the bank in a two-year stretch, "raising red flags that the volume of dollars included proceeds from illegal drug sales in the United States." It lays out ...
    07/17/2012 - 8:08 am | View Link
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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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