HSBC to pay $1.9 billion in money-laundering case

Started by NewsCaster, Dec 11, 2012, 04:30 PM

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Dec 11, 2012, 04:30 PM
British banking giant HSBC has agreed to pay more than $1.9 billion to U.S. authorities -- the largest penalty ever paid by a bank -- after failing to abide by anti-money laundering and sanctions laws, it said on Tuesday.



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