Mexican regulators impose highest fine ever on HSBC for money-laundering

Mexico's National Banking and Securities Commission (CNBV) said it had imposed the fine against HSBC due to its “non-compliance with anti-money laundering systems and controls”. The fine is in the amount of $27.5m. More at Merco Press. Read the original statement (Spanish) HSBC is a Global Compact participant since 2000/11/27. HSBC (LSE:HSBA) was a Gold Contributor to the Foundation for the Global Compact in 2011.