Tuesday, December 11, 2012

HSBC to Pay $1.9 Billion Money-Laundering Fine


It is the largest penalty ever paid out by a bank. HSBC will fork out nearly two billion dollars for funneling money for criminal networks. U.S. regulators found it also violated international sanctions by doing business with Iran and Cuba. But like all big banks accused of shady dealings in recent years, it's managed to keep its exectives out of prison. Al Jazeera's Charlie Angela has the latest.

No comments: