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Bank HSBC probed for money laundering: report

HSBC

US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times reported Saturday.

 

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.

 

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