Drug-Cartels

HSBC Pays $1.9B for Money Laundering, No Executives Jailed

2012-12-11 00:00:00 +0000 UTC | Importance: 8/10

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