HSBC Pays $1.9B for Money Laundering, No Executives Jailed
HSBC paid $1.9 billion for laundering money for Mexican drug cartels and violating sanctions against Iran, Libya, Sudan, and Cuba, but no executives faced criminal charges despite overwhelming evidence of intentional wrongdoing. The bank laundered at least $881 million for the Sinaloa and Norte del …
HSBC
Lanny Breuer
Department of Justice
Mexican Drug Cartels
Eric Holder
+1 more
money-laundering
too-big-to-jail
drug-cartels
financial-crime
impunity
Read more →