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#1
posted to rec.boats
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Ahhhhh...bankers...
....too big to fail...
HSBC to pay $1.9 billion U.S. fine in money-laundering case (Reuters) - HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash. The U.S. Justice Department on Tuesday charged the bank with failing to maintain an effective program against money laundering and conduct due diligence on certain accounts. In documents filed in federal court in Brooklyn, it also charged the bank with violating sanctions laws by doing business with Iran, Libya, Sudan, Burma and Cuba. HSBC Holdings Plc admitted to a breakdown of controls and apologized for its conduct. - - - A breakdown of controls? Funny. |
#2
posted to rec.boats
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Ahhhhh...bankers...
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#3
posted to rec.boats
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Ahhhhh...bankers...
BAR wrote:
In article , says... ...too big to fail... HSBC to pay $1.9 billion U.S. fine in money-laundering case Isn't that what you tried to do, launder money? What penalties did you have to pay? He simply stole it from the government - the people of the US. |
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