rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Biggest money-laundering settlements by banks

Biggest money-laundering settlements by banks

Last updated on: December 14, 2012 10:58 IST

Biggest money-laundering settlements by banks

     Next

Next

Britain's biggest bank, HSBC, has settled a money-laundering probe by American authorities for $1.9 billion. The bank admitted that its money-laundering controls and compliance with sanction laws had been inadequate, according to The Economist.

Let's take a look at biggest money-laundering settlements with US authorities.

Source: The Economist

Click NEXT to read more...


Image: Several banks have been caught in the money-laundering net.
Photographs: China Daily China Daily Information Corp/Reuters
Tags: HSBC , Britain , US , American

     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

HSBC

Settlement: $1.92 billion

Year: December 2012

Countries involved in allegations: Mexico, Iran, Cuba and Saudi Arabia

Settlement rank: 1

Click NEXT to read more...


Image: Angel of Independence monument stands in front of HSBC's headquarters in Mexico City.
Photographs: Tomas Bravo/Reuters

Prev     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

Standard Chartered

Settlement: $667 million

Year: August/December 2012

Countries involved in allegations: Iran, Sudan, Libya and Myanmar

Settlement rank: 2

Click NEXT to read more...


Image: A man walks past a Standard Chartered bank in London.
Photographs: Stefan Wermuth/Reuters
Tags: , Libya , Sudan

Prev     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

ING

Settlement: $619 million

Year: June 2012

Countries involved in allegations: Cuba and Iran

Settlement rank: 3

Click NEXT to read more...


Image: Employees of ING group are seen during their lunch break in Amsterdam.
Photographs: Michael Kooren/Reuters
Tags: , ING , Cuba

Prev     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

Credit Suisse

Settlement: $536 million

Year: December 2009

Countries involved in allegations: Iran, Sudan, Libya, Myanmar and Cuba

Settlement rank: 4

Click NEXT to read more...


Image: A view of the headquarters of Swiss bank Credit Suisse in Zurich.
Photographs: Arnd Wiegmann/Reuters
Tags: , Cuba , Libya , Sudan

Prev     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

RBS (ABN Amro)

Settlement: $500 million

Year: May 2010

Countries involved in allegations: Iran and Libya

Settlement rank: 5

Click NEXT to read more...


Image: A woman leaves a Royal Bank of Scotland building in London.
Photographs: Stephen Hird/Reuters
Tags: ABN Amro , RBS , Iran , Libya

Prev     Next

Biggest money-laundering settlements by banks

Prev     Next
Prev

Next

Llyods Banking Group

Settlement: $350 million

Year: January 2009

Countries involved in allegations: Iran and Sudan

Settlement rank: 6

Click NEXT to read more...


Image: A branch of Lloyds TSB in the City of London.
Photographs: Toby Melville/Reuters

Prev     Next

Biggest money-laundering settlements by banks

Prev     More
Prev

More

Barclays

Settlement: $298 million

Year: August 2010

Countries involved in allegations: Sudan, Iran, Myanmar and Cuba

Settlement rank: 7


Image: The letter 'B' of the signage on the Barclays headquarters in Canary Wharf is hoisted up the side of the building in London.
Photographs: Simon Newman/Reuters
Tags: Cuba , Iran , Sudan

Prev     More