Business
7:18 am
Tue July 17, 2012

Investigation: HSBC Laundered Drug Money

Originally published on Tue July 17, 2012 12:17 pm

Europe's largest bank allowed drug cartels to launder billions of dollars through its U.S. operations, and skirted bans against transactions with Iran. Those are among the findings of a Senate investigation of London-based HSBC. Executives from the bank are in Washington for a hearing on the probe.

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