Congress, Money Laundering | featured news

U.S. report says HSBC handled Iran, drug money

HSBC

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.

 

Exclusive: Senate investigating HSBC for money laundering

HSBC Holdings PLC is under investigation by a Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.

 

Lawmakers block Mexico's crucial drug war reforms

Lawmakers block Mexico's crucial drug war reforms

Mexico's divided Congress is unlikely to pass President Felipe Calderon's pivotal plans to reform the police and combat money laundering, risking a major setback in the war against violent drug cartels.

 

Subscribe to this RSS topic: Syndicate content