Hsbc Money Laundering

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  UK Banks 'Handled' $740 Million In Laundered Russian Money: Reports

  Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported on Monday.

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  Blackmoney: Enforcement Directorate Scanner on Indians Named in HSBC List

  Tightening the noose around Indians whose names figured in the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.

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  Black Money Law: Compliance Window Not to Apply if Proceedings Already On

  The government on Friday said Indians against whom information has been received from foreign nations on overseas accounts or assets will not be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.

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  Amid Massive Scandal, HSBC Raided in Geneva: 10 Big Developments in Money Laundering Probe

  British banking giant HSBC's Geneva offices were searched today as part of a money-laundering probe following allegations that the bank helped clients evade millions of dollars in taxes.

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  Swiss Prosecutors Raid HSBC Premises, Opens Criminal Inquiry

  Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva today and said it had opened a criminal inquiry into allegations of aggravated money laundering.

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  Two 'Big Banks' Have Two-Third of All Swiss Money of Indians

  It is just two big banks - UBS and Credit Suisse - which appear to be accounting for almost two-third of the total money held by Indians in the Swiss banking system, known for their famed secrecy walls.

• JPMorgan faces action on laundering controls

  U.S. regulators are expected to order JPMorgan Chase & Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.

• How Colombian drug traffickers used HSBC to launder money

  Drug cartels sold narcotics in the United States and routed the cash to Mexico, often using couriers to smuggle it across the border.

• HSBC became bank to drug cartels, say US prosecutors

  Lax money laundering controls at HSBC allowed two cartelsone each in Mexico and Colombiato move $881 million in drug proceeds through the bank over the second half of the last decade, according to prosecutors and federal court documents.

• HSBC to pay record $1.9 billion fine in money laundering case

  HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by US prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash.

• A look at bank scandals since the financial crisis

  HSBC's record $1.9 billion payment to settle a US investigation into money laundering that involved Mexican drug cartels and nations such as Iran is a new setback for the reputation of banks after a series of headline-grabbing scandals.

• HSBC said to be near $1.9 billion settlement over laundering

  HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday.

• HSBC might pay $1.8 bn money laundering fine: sources

  HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter.

• Jersey regulator to probe HSBC

  Jersey's financial watchdog is to probe anti-money laundering systems and controls at HSBC, following a report that Europe's biggest bank was harbouring money for convicted criminals.

• HSBC Bank says it is serious on compliance with law

  The HSBC Bank came out with a cautious reaction to Arvind Kejriwal's allegations on alleged money laundering through its Geneva branch saying it takes compliance with the law very seriously.