FIRSTPOST YOUSPEAK
Sunday, May 26th 07:26 AM IST
Image
HSBC IMAGE.
People, some displaying fake Mexican bills, pose for pictures as they demonstrate in front of the HSBC bank headquarters in Mexico City, Monday, July 30, 2012. Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering through accounts at the bank. A U.S. Senate investigative committee said that in 2007 and 2008 HSBC Mexico sent north about $7 billion in cash.

People, some displaying fake Mexican bills, pose for pictures as they demonstrate in front of the HSBC bank headquarters in Mexico City, Monday, July 30, 2012. Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering through accounts at the bank. A U.S. Senate investigative committee said that in 2007 and 2008 HSBC Mexico sent north about $7 billion in cash. "Bulk cash shipments could reach that volume only if they included illegal drug proceeds," the committee concluded in a report.