An HSBC branch in the financial Central district in Hong Kong. Photo: Reuters

HSBC released from US deferred criminal charges

Bank has initially paid a US$1.9b fine in 2012 for failing to prevent Mexican cartels from laundering millions of dollars through its systems and also agreed a deferred agreement under which the US justice department could have imposed further penalties or begun criminal prosecution

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An HSBC branch in the financial Central district in Hong Kong. Photo: Reuters
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