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Lax Controls at HSBC Led to Money Laundering, Senate Probe Says

Posted July 17th, 2012 at 1:40 am (UTC-5)
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A U.S. Senate investigation has found poor controls at the global bank HSBC allowed Mexican drug traffickers and other criminals to launder billions of dollars into the United States. A report released before a Senate hearing on the matter Tuesday said the London-based bank also did business with firms linked to terrorism and bypassed U.S. […]

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