Topic: Bank Secrecy Act
The bank, which weathered the financial crisis relatively well, may be facing an $11 billion settlement, sources say. Several recent missteps, including the London whale debacle, have drawn regulatory scrutiny.
HSBC avoided a damaging legal battle Tuesday by agreeing to pay $1.9 billion to settle a US money laundering probe. The HSBC settlement will be the biggest penalty ever imposed on a bank.
Drug lords like La Barbie threaten Mexico's security with American-bought firearms, and finance their violent empires with American drug money.
09/02/2010 05:18 pm
President Teodoro Obiang Nguema Mbasogo – who today pardoned British mercenary Simon Mann – is widely seen as one of Africa's most corrupt leaders. But will oil interests prevent a shift in US policy?
11/03/2009 12:00 am