HSBC is fined a record US$1.92 billion in money-laundering case

12/11/2012 | Bloomberg · Wall Street Journal, The

In the largest penalty of its kind, HSBC has agreed to pay US$1.92 billion to U.S. regulators. The settlement earns HSBC a deferral of prosecution by the U.S. Justice Department in a prolonged money-laundering investigation, although the bank must submit to independent monitoring to ensure no recurrence.

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Bloomberg · Wall Street Journal, The

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