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Monday, December 10, 2012

The Two-Way

'Profoundly Sorry' HSBC Reaches $1.9B Settlement In Money-Laundering Case

The $1.9 billion settlement from British banking firm HSBC will settle allegations of allowing money laundering and transfers of billions from Iran.

December 10, 2012 The deal settles allegations that HSBC ignored red flags of massive money laundering by Mexican drug cartels and allowed transfers of billions of dollars from sanctioned nations like Iran.

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