Anti-Financial Crime & Financial Crime Compliance
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HSBC uncover $4.2 Billion money laundering ring as fears mount bank may have failed to disclose information to US authorities

By Elizabeth Hearst for AMLi

In the latest headache for global banking giant HSBC, it has emerged the bank uncovered an extensive Billion-dollar money laundering ring.

Sources have raised questions about whether HSBC appropriated shared information with the financial monitoring team, implemented by US authorities in 2012.

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