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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BING NEWS:
  • US report says HSBC handled Iran, drug money
    HSBC ignored risks in doing business in countries such as Mexico, a country rife with drug trafficking ... the Senate report said. DEALINGS WITH IRAN Some of the money that moved through HSBC was tied to Iran, the report said, which would violate U.S ...
    03/25/2015 - 10:28 pm | View Link
  • HSBC handled Iran, drug money
    a country rife with drug trafficking, it said. Between 2007 and 2008, HSBC's Mexican operations moved $7 billion into the bank's U.S. operations. According to the report, both Mexican and U.S. authorities warned HSBC that the amount of money could only ...
    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
  • HSBC handled Iran, drug money: US report
    HSBC ignored risks in doing business in countries such as Mexico, a country rife with drug trafficking, it said. Between 2007 and 2008, HSBC's Mexican operations moved $7 billion into the bank's U.S. operations ... was tied to Iran, the report said ...
    07/17/2012 - 1:00 am | View Link
  • U.S. report says HSBC handled Iran, drug money
    HSBC ignored risks in doing business in countries such as Mexico, a country rife with drug trafficking ... the Senate report said. Some of the money that moved through HSBC was tied to Iran, the report said, which would violate U.S. prohibitions on ...
    07/16/2012 - 11:56 pm | View Link
  • More
BING SEARCH:
  • Psi report hsbc case history (july 17 2012)2 (1)
    Transcript. 1. United States SenatePERMANENT SUBCOMMITTEE ON INVESTIGATIONSCommittee on Homeland Security and Governmental Affairs ...
    03/27/2015 - 8:27 pm | View Website
  • 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.
    03/27/2015 - 6:40 pm | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    03/27/2015 - 1:32 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    03/27/2015 - 5:40 am | View Website
  • U.S. Vulnerabilities to Money Laundering, Drugs, and ...
    The Permanent Subcommittee On Investigations> Hearings. U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History
    03/26/2015 - 6:41 pm | View Website
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