News for 'al-rajhi-bank'

'HSBC exposed US to terror funding, money laundering risks'

'HSBC exposed US to terror funding, money laundering risks'

Rediff.com17 Jul 2012

A US Senate panel has accused global banking giant HSBC of exposing the country's financial system to various terror financing, money laundering and drug trafficking activities with transactions worth billions of dollars, due to poor risk control systems at the bank.