HSBC Bank Fined (again) for Money Laundering

Posted: June 18, 2013 in News

See on Scoop.itGlobal Freedom Movements Today

Argentina’s financial crimes unit will fine the local branch of London-based bank HSBC some $1 million dollars for failing to report a money laundering case, as part of an investigation into the bank’s weak anti-money laundering controls.

Jared Broker‘s insight:

One of the dozens of major banking scandals from the last year.  It seems to be an industry wide practice for profit.

See on www.insightcrime.org

Advertisements

Comments are closed.