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HSBC posts Q3 profit of $5.1 bn, confirms forex probe

Last Updated: Monday, November 04, 2013, 17:31

HSBC reported a 10 percent rise in third quarter profits on Monday, helped by tighter cost control and fewer losses from bad loans, and confirmed it was being investigated as part of a global probe into currency market trading manipulation.

US judge approves HSBC's $1.92 billion money laundering settlement

Last Updated: Wednesday, July 03, 2013, 09:54

The settlement, announced December 11, 2012, included a USD 1.256 billion forfeiture and USD 665 million in civil fines.

HSBC broke sanctions on Iran, others: US

Last Updated: Wednesday, December 12, 2012, 09:23

British bank HSBC intentionally broke American sanctions on Iran and other countries while also laundering Mexican drug money, the US on Wednesday said, as the banking major was to pay USD 1.92 billion to settle the allegations.

HSBC to pay $1.9 bn to settle money laundering case

Last Updated: Tuesday, December 11, 2012, 10:31

British bank HSBC will have to cough up USD 1.9 billion to US authorities to settle allegations of money laundering.

HSBC to pay over $1.5bn in fines to settle US ‘money-laundering’ probe

Last Updated: Friday, December 07, 2012, 17:39

British banking giant HSBC is likely to pay over 1.5billion dollars in fines to US authorities in a bid to settle money-laundering investigations into its business.

HSBC secret accounts: I-T dept to begin prosecution action

Last Updated: Wednesday, November 28, 2012, 14:57

The department has now written to the Finance Ministry to suggest a benchmark for funds held on the basis of which the I-T department can initiate legal action for tax evasion and tax theft.

Govt likely to probe money laundering allegations against HSBC

Last Updated: Saturday, November 10, 2012, 18:16

The probe is likely to be conducted by sleuths of various intelligence wings of Home and Finance Ministries as the allegations, if proved true, would have serious security implications, highly placed sources said.

HSBC says it is serious on compliance with law

Last Updated: Friday, November 09, 2012, 19:11

HSBC Bank Friday came out with a cautious reaction to Arvind Kejriwal's attack on alleged money laundering through its Geneva branch saying it takes compliance with the law very seriously.

RBI widens StanChart, HSBC probe to other foreign banks

Last Updated: Sunday, August 26, 2012, 14:04

The Reserve Bank has widened its probe into the affairs of British banking giants HSBC and Standard Chartered to a host of other foreign banks for alleged breach of controls against money laundering and terror financing.

'HSBC could have laundered money for Mexican drug cartels'

Last Updated: Saturday, August 25, 2012, 13:57

US prosecutors, who have launched an investigation into the money transaction by some global banks, suspect HSBC could have laundered money for Mexican drug cartels and moved cash for Saudi Arabian banks with ties to terrorists.

HSBC case: I-T dept to press money laundering charges

Last Updated: Sunday, August 12, 2012, 15:02

The Income Tax department has decided to include the offence of money laundering in its soon to be filed charge sheet against individuals named in the classified HSBC list for stashing illegal funds.

India to seek HSBC, Stanchart details from UK regulator

Last Updated: Sunday, August 12, 2012, 12:15

The Reserve Bank and other Indian agencies are seeking details from British financial regulator FSA about two UK-based global banking giants HSBC and Standard Chartered whose outsourcing of key oversight jobs to India has come under the US scanner in separate probes related to issues like money laundering and terror financing.