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Banks / HSBC Fine #1035189

ABC Evening News for Tuesday, Dec 11, 2012
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(Studio: Diane Sawyer) The record settlement paid by the British bank HSBC after allegations of money laundering linked to Iran and Al Qaeda introduced.

(Studio: Brian Ross) How Mexican drug cartels, Al Qaeda and Iran used the well-known HSBC bank featured; details given about the government decision not to prosecute the bank; fine statistics cited. [US attorney Loretta LYNCH†- cites the forfeiture.] [Assistant Attorney General Lanny BREUER†- says the bank did not get off easy.] [International banking expert Jack BLUM†- cites the minor signal to banks.] How big banks can get away with crime noted.

Sawyer, Diane;
Ross, Brian

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