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 HSBC announces settlements with authorities- HSBC announces settlements with authorities
- December 11, 2012
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HSBC has reached agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.
This includes a Deferred Prosecution Agreement (DPA) with the US Department of Justice. HSBC has also reached agreement to achieve a global resolution with all other US government agencies that have investigated HSBC's past conduct related to these issues1 and anticipates finalising an undertaking with the United Kingdom Financial Services Authority shortly.
Under these agreements, HSBC will make payments totaling US$1.921bn, continue to cooperate fully with regulatory and law enforcement aut...
- View more at: http://www.1888pressrelease.com/hsbc-announces-settlements-with-authorities-pr-443173.html
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