Cliqz.com - related to: HSBC head of compliance stepping down

HSBC money laundering scandal draws in trade minister
www.guardian.co.uk | discovered: | published:

Lord Green, former CEO and chair of HSBC, warned he has 'serious questions' to answer as bank awaits details of US fine The trade minister, Lord Green, has been drawn into the HSBC money laundering scandal after Labour warned that he has "serious que ...

Will HSBC get a slap on the wrist?
www.examiner.com | discovered: | published:

In America, laundering billions of dollars from violent drug cartels can grant you the opportunity to appear before a senate committee and apologize for a lack of oversight.In contrast, people who sell raw milk have had armed federal agents... ...

HSBC exec cops out, drops out on dirty $$
www.nypost.com | discovered: | published:

Oh, now he’s sorry. HSBC’s top compliance official quit in front of a Senate panel yesterday — but only after a damning report accusing the global banking giant of allowing Mexican drug cartels and Middle Eastern banks with terrorist ties to launder ...

HSBC compliance boss quits in hearing
edition.cnn.com | discovered: | published:

HSBC's chief compliance officer resigned from his post during a US Senate hearing following publication of a damning report alleging that Britain's biggest bank may have inadvertently allowed the laundering of Mexican drug money. ...

HSBC Admits US Banking Violations
www.voanews.com | discovered: | published:

CAPITOL HILL — Global private banking giant HSBC has admitted that lax vigilance made it vulnerable to money laundering by Mexican drug cartels, as well as transactions involving Iran that are banned under U.S. law. HSBC managers pledged to do better ...

HSBC executive resigns before Senate as bank apologises for 'horrific' actions
www.guardian.co.uk | discovered: | published:

Bank faces massive fines from US justice department for lapses that resulted in laundering money to drug cartels and terrorists Executives with Europe's biggest bank, HSBC, were subjected to a humiliating onslaught from US senators on Tuesday over re ...

HSBC head of compliance stepping down
news.yahoo.com | discovered: | published:

The chief compliance officer of big international bank HSBC says he is stepping down from that position after an investigation found that lax controls at the bank allowed Mexican drug cartels to launder billions of dollars through its U.S. operation ...

HSBC handled drug and terror money
www.thesun.co.uk | discovered: | published:

REP of UK’s finance sector plumbs new depths as bank is blasted for helping Mexican drug cartels and terrorists ...

HSBC compliance head David Bagley quits in wake of damning Senate report
www.guardian.co.uk | discovered: | published:

Committee chairman says HSBC's culture was 'pervasively polluted' after bank admitted it failed to act on money laundering The head of compliance at HSBC, one of the world's biggest banks, resigned in front of a Senate subcommittee on Tuesday after a ...

HSBC Probe Results in Bank’s Apology as Regulator Vows to Prevent Repeat
www.bloomberg.com | discovered: | published:

HSBC Holdings Plc executives apologized for opening their U.S. affiliate to a river of Mexican drug lords’ cash, and the U.S. regulator that failed to stem the flow vowed to prevent a repeat. ...

HSBC US executive apologizes for lax controls; says bank has made significant changes
www.foxnews.com | discovered: | published:

The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the U.S. op... ...

Regulators and HSBC Are Faulted by Senate
dealbook.nytimes.com | discovered: | published:

The global bank has been used by Mexican drug cartels, by Saudi Arabian banks with terrorist ties and by Iranians who wanted to circumvent sanctions, a Senate report says. ...

HSBC US executive apologizes for lax controls
news.yahoo.com | discovered: | published:

Must-Reads from Around the World, July 17, 2012
world.time.com | discovered: | published:

Drug Money – A U.S. Senate probe has discovered that HSBC, the largest bank in Europe, allegedly facilitated Mexican drug money laundering. The BBC reports that lax controls reportedly allowed huge sums of suspicious money from Syria, the Cayman Isla ...

HSBC Determined to Fix Compliance Issues
www.foxbusiness.com | discovered: | published:

HSBC Holdings PLC (HBC) Chief Executive Stuart Gulliver told staff Tuesday the bank is determined to fix past mistakes, prevent them happening again and remains committed to executing a business strategy laid out last year, according to an internal v ...

Bank's lax control let drug cartels launder billions through US, Senate probe finds
www.foxnews.com | discovered: | published:

Lax controls at Europe's largest bank, HSBC, allowed Mexican drug cartels to launder billions of dollars through its U.S. operations, a Senate investigation has found. ...

Mexican drug cartels laundered billions through HSBC
www.thesun.co.uk | discovered: | published:

MEXICAN drug laundered billions of dollars through the bank’s US operations because of its lax controls, an investigation has found ...

examiner.com

guardian.co.uk

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