Wednesday, 18. July 2012
Topic: DRUGS - on July 18, 2012 at 10:42:00 AM CEST
HSBC Allowed Narcos To Launder Billions
The Justice Department and HSBC Holdings PLC are accelerating settlement talks to resolve a criminal probe into laundering of drug-cartel and other money, according to people familiar with the investigation.
A settlement of the money-laundering investigation is near and could come within weeks, according to these people. Among the allegations Justice Department prosecutors have focused on, according to people familiar with the criminal probe, is whether bank officials were complicit in laundering by drug cartels by allowing suspicious money to be hidden in flows of bulk cash between the U.S. and Mexico.
... Comment
