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:
  • HSBC in Settlement Talks With U.S. Over Money Laundering
    HSBC Holdings Plc (HSBA), which is under investigation by U.S. regulators for laundering funds of sanctioned nations including Iran and ... a high risk for drug trafficking and money laundering, Senate investigators wrote in their report.
    08/23/2012 - 1:22 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 - 11:26 pm | View Link
  • U.S. report says HSBC handled Iran, drug money
    The focus of the Senate probe was HSBC's U.S. operations, which has its main office in New York. HSBC used the U.S. unit as a selling point to clients outside the United States, touting its ability to handle U.S. dollar transactions. Among HSBC's problems ...
    07/16/2012 - 8:34 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
  • U.S. report says HSBC handled Iran, drug money
    While the big British bank's problems have been known for nearly a decade, the Senate probe detailed just how sweeping the problems have been, both at the bank and at the Office of the Comptroller of the Currency, a top U.S. bank regulator which the report ...
    07/16/2012 - 4:02 pm | View Link
  • More
BING SEARCH:
  • HSBC
    HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is one of the world's largest banks.
    04/16/2014 - 5:55 am | View Website
  • Hearings| Homeland Security & Governmental Affairs Committee
    The Permanent Subcommittee On Investigations> Hearings. U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History
    04/16/2014 - 4:15 am | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    04/16/2014 - 3:39 am | View Website
  • Politics News and U.S. Elections Coverage
    Get the latest breaking politics news and political coverage of U.S. elections. Get updates on President Obama's White House, Congress and more at ABC News.
    04/15/2014 - 10:10 pm | View Website
  • HSBC to pay $1.9 billion U.S. fine in money-laundering ...
    (Reuters) - HSBC Holdings Plc agreed to pay a record $1.92 billion in fines to U.S. authorities for allowing itself to be used to launder a river of drug ...
    12/11/2012 - 6:12 pm | View Website
  • More

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