HSBC used by ‘drug kingpins’, says US Senate

Newsdesk International

A US Senate committee says that the HSCB provided a conduit for “drug kingpins and rogue nations”, for money laundering.  The report says suspicious funds from countries including Mexico, Iran and Syria had passed  through the bank.  The committee is hearing from HSBC officials, one of whom said he found it  “painful and embarrassing” to talk about the bank’s shortcomings.

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