HSBC to Pay $1.92 Billion to Settle Money-Laundering Probes

Posted by Forexsq 1031 days ago (
img HSBC Holdings Plc (HSBA), Europe’s largest bank, agreed to pay $1.92 billion to settle U.S. probes of money laundering in the largest such accord ever.

The settlement includes a deferred prosecution agreement with the U.S. Department of Justice, the London-based bank said in an e-mailed statement today. HSBC also said it expects to complete an undertaking with the U.K. Financial Services Authority soon, without giving details.

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