HSBC's complicity in laundering money for Mexican drug cartels shows just how difficult it is to crack down on criminal cash.
MEXICO CITY (AP) — Mexican drug cartels looking to diversify their businesses long ago moved into oil theft, pirated goods, extortion and kidnapping, consuming an ever larger swath of the country's economy. This month, federal offic... Read Post
A report prepared by Senators Carl Levin and Tom Coburn showed the global bank HSBC provided banking services and U.S. dollars to institutions that aided money laundering, terrorism, Iran, and Mexican drug lords. Read Post