Govt outlines HSBC ties to drug money laundering
WASHINGTON (AP) — British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited transactions with Iran and other nations that have been under sanctions, the Justice Department alleged Tuesday.
News source: Yahoo! News
Related news: Critics Say HSBC Deal Shows Money Laundering Pays
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