Bank Secrecy Act

File photo of HSBC sign. (credit: FREDERIC J. BROWN/AFP/GettyImages)

HSBC To Pay $1.9B Money-Laundering Settlement For Iran, Drug Cartel Dealings

HSBC, the British banking giant, said Tuesday it will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States.



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