``Investigators are looking into the $7 billion that HSBC Mexico's branches exported to the U.S. between 2007 to 2008. Propublica reported that "At the time, both American and Mexican officials raised concerns that such a volume was only possible if it included illegal drug money."

As I explained in another recent article, "In the U.S., regulators are starting to pay more attention to the financial side of the [regional drug smuggling] operation. In total, HSBC is now subject to investigations from the U.S. Justice Department, the district attorney's office in Manhattan, the U.S. Federal Reserve, and two separate departments of the U.S. Treasury.''

Comments: Be the first to add a comment

add a comment | go to forum thread