HSBC was once described by a Mexican drug lord as 'the place to launder money' given the banking giant's lax controls. Photo: Reuters

Banking & Finance

US monitor says HSBC’s anti-money-laundering fixes leave ‘much work to be done’

Reuters

Published: 3:45pm, 2 Apr, 2014

Updated: 5:08pm, 2 Apr, 2014

HSBC was once described by a Mexican drug lord as 'the place to launder money' given the banking giant's lax controls. Photo: Reuters

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