U.S. Officials Hope HSBC Penalty Sends A Message | WAMU 88.5 - American University Radio
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U.S. Officials Hope HSBC Penalty Sends A Message

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One of Britain's largest banks has agreed to pay $1.9 billion to settle money laundering charges brought by U.S. officials. HSBC acknowledged that it transferred money for Mexican drug cartels and for countries such as Iran that are under international sanctions.
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