HSBC Fined for Money Laundering in Argentina

June 12, 2013 in News

Insight Crime | Argentina’s financial crimes unit will fine the local branch of London-based bank HSBC some $1 million dollars for failing to report a money laundering case, as part of an investigation into the bank’s weak anti-money laundering controls.

Beyond Drugs in Los Zeta’s Effort to Launder Money

April 16, 2013 in News

Borderland Beat | Carlos Nayen Borbolla was one of 19 people indicted last year in a massive money laundering scheme that law enforcement officials say poured millions of dollars in drug proceeds into the American quarter horse industry, profiting leaders…

A Lesson in Money Laundering, Mexican Style

March 6, 2013 in News

Worldcrunch | One example is the case of HSBC bank, where $290 million of Mexican drug cartel money was laundered in four years, using travelers cheques – in a plot so complicated that it could have been written by the Wachowski brothers.

HSBC Pays $1.92 Billion Tribute after DOJ Investigation Exposes Money Laundering for Mexican cartels, Saudi terrorists

December 12, 2012 in News

Traces of Reality | Mexico’s Sinaloa cartel and Colombia’s Norte del Valle cartel between them laundered $881 million through HSBC and a Mexican unit, the U.S. Justice Department said on Tuesday.