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HSBC Bank Admits to Anti-Money Laundering and Sanctions Violations, Forfeits $1.256 Billion


From FBI:

HSBC Holdings plc (HSBC Group)—a United Kingdom corporation headquartered in London—and HSBC Bank USA N.A. (HSBC Bank USA) (together, HSBC)—a federally chartered banking corporation headquartered in McLean, Virginia—have agreed to forfeit $1.256 billion and enter into a deferred prosecution agreement with the Justice Department for HSBC’s violations of the Bank Secrecy Act (BSA), the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA).

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This entry was posted on 14/Dec/2012 02:56, 02:56 and is filed under News. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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