HSBC announces 1.9bn-dollar settlement

HSBC has reached an agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.

HSBC has reached an agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.

Under these agreements, HSBC will make payments totalling $1.921bn, continue to cooperate fully with regulatory and law enforcement authorities, and take further action to strengthen its compliance policies and procedures.

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