Topic: Trading with the Enemy Act
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.
Dutch bank ING has agreed to pay a record $619 million fine after admitting that it moved money from Iran and Cuba through US banks despite sanctions forbidding the practice.
Pyongyang says it will release thousands of documents, long sought US officials, relating to its Yongbyon nuclear facility.
05/02/2008 01:00 am