HSBC will avoid prosecution over money laundering after five-year deal with US authorities expires
(WorldNews France)

US authorities are lifting the threat of prosecution against the British banking giant HSBC, five years after it admitted to widespread money laundering and sanctions violations, the bank said on Monday. In a landmark case, the bank agreed to pay a US$1.9 billion in fines in 2012, after admitting it knowingly moved hundreds of millions for Mexican drug cartels and illegally served clients in Iran, Myanmar, Libya, Sudan and Cuba in violation of US sanctions. Under the terms of the settlement,......