This information is available only to subscribers.
Start a free trial, to unlock the full potential of a subscription to BNamericas.
Already a subscriber? Please, login.

HSBC failed to monitor US$680bn in suspicious transactions from Mexican unit

By
Wednesday, December 12, 2012

HSBC's (NYSE: HBC) US unit failed to monitor over US$670bn in wire transfers and over US$9.4bn in purchases of physical US dollars from HSBC Mexico from at least 2006 to 2009, when the Mexican bank's lax anti-money laundering controls caused it to be "the preferred financial institution for drug car...

Subscriber-Only Content

BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business.

  • Unique Content
    Up-to-the-minute and field-proven industry news in English and Spanish
  • Insight
    Constantly looking ahead to help the client better understand the future of the market
  • Efficient Products
    Receive emails and alerts; follow companies and projects that matter to you
  • Ask Us
    Access our on-the-ground expert team

Already a subscriber? Please, log in

This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.