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HSBC to pay $1.92 bn to settle US laundering probe
Published on:Tuesday, December 11, 2012 - 08:10
Banking giant HSBC said Tuesday it had agreed to pay US authorities a record $1.92 billion to settle allegations of money laundering.
"HSBC has reached agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws," the Hong Kong-listed lender said in a statement.