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Fraudsters Launder $4.2BnThrough HSBC Accounts, Lawmaker Raises Concerns

A money-laundering ring moved $4.2bn through a network of 60 HSBC accounts in Hong Kong, starting only two years after the bank promised to clean up its act, investigators have discovered. This is even as insiders have raised questions over whether HSBC management appropriately informed US monitors about the ring, which was uncovered by the […]