Monday, 10 December 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: HSBC to pay $1.92 bn to settle US laundering probe

Yahoo! Philippines News - Latest Philippines News & International News Headlines
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HSBC to pay $1.92 bn to settle US laundering probe
Dec 11th 2012, 07:20

US lawmakers accused HSBC in July of giving Iran, terrorists and drug dealers access to the US financial systemBanking giant HSBC said Tuesday it had agreed to pay US authorities a record $1.92 billion to settle allegations of money laundering that were said to have helped terrorists and Iran.


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