HSBC faces new money laundering claims in Argentina

Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina. More on the BBC website. 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 and 2012.

HSBC to pay $1.9B in money laundering probe

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. The probe of the bank — Europe's largest by market value — has focused on the transfer of billions of dollars on behalf of nations like Iran, which are under international sanctions, and the transfer of money through the U.S. financial system from Mexican drug cartels. More on USA Today. 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 and 2012.

Scotiabank Manager Daniel Rogers Pleads Guilty to $216,000 Fraud; 2nd Bank Official Guilty in Week

Daniel Rogers, the manager in the bank’s centralized retail collection unit, on Wednesday became the second former Scotiabank manager in the span of a week to plead guilty to charges of bank fraud, wire fraud and money laundering. More on LoanSafe.org Scotiabank is a Global Compact participant since 2010/06/18.

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.

HSBC Alleged To Have Engaged in Massive Anti-Money Laundering Violations

Reuters released a Special Report detailing global bank HSBC’s anti-money laundering activities. (...) The company, according to Reuters, did not adequately review billions of dollars in client transactions to determine if the customers were using the bank’s services to engage or facilitate drug trafficking, terrorist financing and other criminal activities. More on the Compliance Exchange. 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.