Hsbc money laundering 2012 09 21

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Drug war ensnares big banks for letting Mexico cartels stash cash

Prosecutors in the US and Mexico have banks in their crosshairs for helping drug smugglers and money launderers transfer and hold their illegal earnings.

Mexico passes law to fight money laundering

Mexico has passed a law restricting cash purchases as part of a crack down on money laundering.

HSBC's money-laundering scandal to cost over $1.5 billion (VIDEO)

The scandal has rocked Europe's financial establishment and crippled the continent's largest bank. HSBC will get hammered with fines, analysts say.

US, HSBC reach $1.92 billion settlement

One of Europe's largest banks, HSBC, is hit with billions in penalties.

Fake notes were hung out to dry during a protest in front of HSBC in Mexico City on July 30. The bank was fined for failing to apply anti-money laundering rules.

Alfredo Estrella

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