Nation | Business

HSBC Officials Knowingly Dealt With Iranian Banks

NPR | Dec. 12, 2012 9:59 a.m.

British bank HSBC has agreed to pay a record fine of almost $1.9 billion to settle an investigation by U.S. prosecutors. HSBC faced charges of laundering money for Mexican drug cartels and facilitating prohibited transactions with nations like Iran and Cuba. For more, Robert Siegel talks with Jimmy Gurul, law professor at Notre Dame University.

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