Banks rep reaches new low as HSBC drugs connection exposed

HSBC, Europe's largest bank, ignored clear signs its Mexican division was being used as a conduit for billions of dollars of drug money to be transferred to the United States.

HSBC, Europe's largest bank, ignored clear signs its Mexican division was being used as a conduit for billions of dollars of drug money to be transferred to the United States.

That's the conclusion of a US Senate investigation into money laundering, drugs, and terrorist financing which also found HSBC continued to do business with a Saudi Arabian bank with suspected links to terrorist financing operations.

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