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HSBC must pay bigger fines plus jail time for money laundering to Terrorists and Drug Cartels

Created by N.G. on January 19, 2013

HSBC settled to pay only 1.9 billion to settle money laundering allegations and no one has served time. Laundering money in the millions for countries such as Iran, Burma, Sudan, Cuba, and Lybia was in violation of U.S sanctions. About $881 million were laundered for drug cartels as well.

Criminal Justice Reform
Government & Regulatory Reform
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