Skip to navigationSkip to content

HSBC to potentially pay $1.8 billion money laundering fine

A link from Reuters

HSCB could pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several informed sources. The settlement with Europe’s biggest bank, which could be announced this week, would likely involve HSBC entering into a deferred prosecution agreement with federal prosecutors, said the sources, who spoke on condition of anonymity.

Subscribe to the Daily Brief, our morning email with news and insights you need to understand our changing world.