Sentence examples for settle money laundering from inspiring English sources

LONDON — HSBC, Britain's biggest bank, said on Monday that its net profit fell 17 percent last year because of a record fine to settle money laundering charges and changes related to the value of its debt.

Deal Professor »   HSBC to Pay $1.92 Billion to Settle Money Laundering Charges  |  HSBC, the British banking giant, was accused of transferring billions of dollars for sanctioned nations and facilitating Mexican drug cartels to launder tainted money, among other offenses.

Mr. Evans's appointment comes amid a renewed focus at the British bank on compliance and governance after HSBC agreed in December to pay $1.92 billion to settle money laundering charges, including accusations by American authorities that the bank allowed Mexican drug cartels to launder money.

DealBook » Record Fine a Drag on HSBC Earnings | Profit fell 17 percent last year at the British bank HSBC because of a record fine to settle money laundering charges and changes related to the value of its debt, Ms. Werdigier reported.

The same federal investigation that netted American Express also nailed BankAtlantic Bancorp of Fort Lauderdale, Fla., which last year paid $10 million to settle money laundering claims.

BANK EXPECTS TO SETTLE MONEY LAUNDERING CHARGES  |  Standard Chartered, which has been caught up in a wide-ranging inquiry into money laundering, said on Thursday it expected to pay $330 million to settle charges by the United States government.

HSBC PROFIT FALLS  |  The British bank HSBC said on Monday that profit fell 17 percent last year, in part because of a fine to settle money-laundering charges.

Late last year, UBS agreed to pay $1.5 billion to settle charges from the Libor scandal, and HSBC agreed to pay $1.9 billion to settle money-laundering charges.

HSBC, Britain's biggest bank, also said on Monday that its net profit fell 17 percent last year because of a record fine to settle money-laundering charges and charges related to the value of its debt.

BLOOMBERG BUSINESSWEEK Standard Chartered's Next Worry: A $1 Billion Indonesian Loan  |  The British bank, which agreed last month to pay the New York State's top banking regulator $340 million to settle money-laundering allegations, may be at risk of losing money on a $1 billion loan to an Indonesian mining company.

In 2012, HSBC paid $1.9bn to settle US money laundering allegations, including for Mexican drug barons.