HSBC is facing a probe by US regulators into possible violations of money laundering rules, writes Rob Davies.
In a filing to financial regulator the Securities and Exchange Commission, the US division of Europe’s largest bank revealed that it had received subpoenas and requests for information from a quartet of agencies.
HSBC USA said it was being investigated by the US Department of Justice and the US Attorney’s office, on top of ongoing investigations by the Federal Reserve Bank of Chicago and the Office of the Comptroller of the Currency.
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