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- The Guardian: HSBC failed to act on money laundering, says US Senate
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- UN HABITAT - State of the World's Cities 2010/2011 - Cities for All: Bridging the Urban Divide
- Open Forum on Social Responsibility, 14 December 2010, Kuala Lumpur
| The Guardian: HSBC failed to act on money laundering, says US Senate |
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| Written by Ratna Devi |
| Wednesday, 18 July 2012 20:01 |
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A hard-hitting US Senate investigation has concluded that HSBC, Europe's largest bank, ignored warning signs that its global operations were being used by money launderers and potential terrorists. The findings of the investigation will be aired Tuesday in Washington when HSBC officials will be called to account for the actions. The Senate committee released a 340-page report prior to that meeting that catalogued lax controls at the bank's operations. HSBC's Mexican division comes in for particularly hard criticism.
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| Last Updated on Wednesday, 18 July 2012 20:16 |
