Showing posts with label money laundering. Show all posts
Showing posts with label money laundering. Show all posts

Friday, June 5, 2015

HSBC pays out £27.8m over money-laundering claims

HSBC has been ordered to pay a record 40m Swiss francs (£27.8m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which allowed money laundering to take place in the bank’s Swiss subsidiary.