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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    Prosecutors said HSBC failed to spot suspicious activity related to Mexican and Colombian drug cartels, and handled transactions for customers in countries subject to U.S. sanctions, such as Myanmar, Cuba and Iran. As part of the settlement, HSBC entered a ...
    04/1/2016 - 4:16 pm | View Link
  • HSBC comes up short in money laundering vigilance, U.S. says
    NEW YORK, April 1 (Reuters) - HSBC Holdings Plc (HKSE: 0005.HK - news) has not done enough to thwart money laundering ... drug cartels, and handled transactions for customers in countries subject to U.S. sanctions, such as Myanmar, Cuba and Iran.
    03/31/2016 - 12:59 pm | View Link
  • U.S. says HSBC must do more to improve compliance
    NEW YORK (Reuters) - HSBC Holdings Plc (HSBA.L ... institution" for money launderers and Mexican and Colombian drug cartels, and handled transactions for customers in Burma, Cuba, Iran, Libya and Sudan, which were all subject to U.S. sanctions.
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  • HSBC in talks to settle U.S money-laundering probe: Sources
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  • U.S. report says 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 Arabia ...
    07/16/2012 - 11:47 pm | View Link
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