Law360, New York (January 25, 2012, 6:47 PM ET) -- U.K.-based banking giant HSBC Holdings PLC is the target of U.S. Senate investigation related to money laundering, the company confirmed Wednesday.
An HSBC spokesman confirmed the inquiry by the Senate Permanent Subcommittee on Investigations, which was also addressed in a regulatory filing with the U.S. Securities and Exchange Commission in November.
“We have ongoing discussions with officials including the PSI on a number of regulatory and compliance matters, and that's stated in our SEC filings,” the spokesman said. “The nature of those discussions is confidential and...
HSBC Confirms US Senate Panel Probe
To view the full article, take a free trial now.
