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Wednesday, July 18, 2012

''HSBC grilled in US Senate for lax controls enabling billions of money laundering''

From Merco Press

''Irene Dorner, president and CEO of HSBC Bank USA, said in testimony prepared for a hearing by the Senate

Permanent Subcommittee on Investigations that “we deeply regret and apologize” for the lapses by HSBC.
An investigation by the subcommittee found persistent problems at HSBC which executives ignored.''

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