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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ASK NEWS:
  • SwissLeaks: US Senate Judiciary Committee delays vote on nomination ... - Malta Independent Daily
    ... amid questions about how she handled the ... British banking giant HSBC in 2012. In a new report ... in Iran, Libya, Syria and other ...
    02/17/2015 - 1:16 pm | View Link
  • HSBC sheltered murky cash linked to dictators, arms dealers - Indian Express
    ... convicted of fraud who handled some of his ... extensive report on HSBC also said some bank affiliates skirted US ... financial ...
    02/8/2015 - 3:41 pm | View Link
  • 4 Banking giant HSBC sheltered cash linked to dictators and arms ... - Irish Times
    Whistleblower: AG nominee in $1 billion Obama cover-up - WorldNetDaily
    02/8/2015 - 4:36 am | View Link
  • More
BING NEWS:
  • Bankers say “derisking” underway amid sanctions crackdown; that’s the point, U.S. regulator says
    The $9 billion fine and guilty plea BNP Paribas agreed to in June, under a deal with U.S. authorities over charges related to the banks dealings with blacklisted countries including Sudan and Iran ... head of HSBC Holdings Plc’s global financial crimes ...
    10/2/2014 - 9:00 pm | View Link
  • HSBC has 'much work' to do on anti-laundering fixes, U.S. says
    The British bank paid nearly $2 billion in penalties in December 2012 to resolve charges that it failed to stop hundreds of millions of dollars in drug money ... to monitor HSBC's compliance with the agreement. The Tuesday report describes Cherkasky's ...
    04/1/2014 - 10:18 am | View Link
  • HSBC in talks to settle U.S money-laundering probe: Sources
    HSBC handled so-called U-turn transactions through U.S. financial institutions that involved funds from Iran to non-U.S ... it posed a high risk for drug trafficking and money laundering, Senate investigators wrote in their report. HSBC, which declined ...
    08/24/2012 - 3:59 am | View Link
  • HSBC in Settlement Talks With U.S. Over Money Laundering
    25 (Bloomberg) -- HSBC Holdings Plc, which is under investigation by U.S. regulators for laundering funds of sanctioned nations including Iran and ... risk for drug trafficking and money laundering, Senate investigators wrote in their report.
    08/23/2012 - 9:00 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 ... report said is “under siege from ...
    07/16/2012 - 11:56 pm | View Link
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BING SEARCH:
  • 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.
    02/23/2015 - 6:18 pm | 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
    02/23/2015 - 4:09 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
    02/23/2015 - 1:53 pm | View Website
  • HSBC Holdings Plc. and HSBC Bank USA N.A. Admit to Anti ...
    HSBC Holdings Plc. and HSBC Bank USA N.A. Admit to Anti-Money Laundering and Sanctions Violations, Forfeit $1.256 Billion in Deferred Prosecution Agreement
    02/19/2015 - 11:27 am | 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 - 1:11 pm | View Website
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