HSBC Mexico Pays $27.5 Mln Fine for Money Laundering Scandal |
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mni - By : Giselle Rodriguez
HSBC Mexico, a unit of London-based HSBC Holdings,
Wednesday paid a $27.5 million fine imposed in November 2011 by local regulators for non-compliance of money laundering prevention controls.
This is the largest fine imposed so far by Mexico's National Banking and Securities Commission (CNBV) and amounts to 51.5% of HSBC Mexico's 2011 net income. - More
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