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U.S. Officials Hope HSBC Penalty Sends A Message

Posted: December 11, 2012

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One of Britain's largest banks has agreed to pay $1.9 billion to settle money laundering charges brought by U.S. officials. HSBC acknowledged that it transferred money for Mexican drug cartels and for countries such as Iran that are under international sanctions.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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