HSBC 'allowed money-laundering', probe finds

Lax controls at HSBC allowed Mexican drug cartels to launder billions of dollars through the bank’s US operations, an investigation has found.

HSBC 'allowed money-laundering', probe finds

Lax controls at HSBC allowed Mexican drug cartels to launder billions of dollars through the bank’s US operations, an investigation has found.

The report by a US Senate committee also claimed that HSBC provided banking services to some lenders in Saudi Arabia and Bangladesh believed to have helped fund al-Qaida and other terrorist groups.

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