“The deferred prosecution agreement was reached in December 2012 and was approved Monday. The settlement was seen as a record amount to resolve charges that the bank failed to stop billions of dollars in drug money from flowing through the bank from Mexico. Under the terms of the deal, the Justice Department agreed to suspend criminal charges against HSBC and its US subsidiary for five years if the bank agreed to pay the penalty. When announcing the settlement, HSBC Chief Executive Stuart Gulliver said: ‘The HSBC of today is a fundamentally different organization from the one that made those mistakes.'”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
CME Halted Silver Trading 4 Times Sunday as Prices Slid 9%
All-seeing eyes focus on the sea
Bill Gross: Central bank 'casinos' to run out of luck
Medbox: Dawn of the Marijuana Vending Machine
Xe — formerly Blackwater — fined $7.5 million over arms case
Douglas Engelbart, inventor of computer mouse, dies at 88
Tina Turner claims Swiss citizenship
Is this one of the world's most expensive suits, at HK$1 million?
Canada Signs U.S. FATCA Deal, IRS To Get Data
IMF finds $11 billion ‘black hole’ in Greece’s finances
Dubai to Build the First Air-Conditioned Mini-City
Afghan president: U.S. special forces creating ‘insecurity and instability’
Photo ID now needed to buy hair bleach under European anti-terror laws
Canadian citizenship-stripping plan good politics but dodgy policy
American Dream Slipping as Homeownership at 18-Year Low