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HSBC sued over drug cartel murders after laundering probe

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The lawsuit brings fresh scrutiny to the Mexican activities of HSBC, which in 2012 paid US$1.9 billion to resolve a criminal investigation into whether it violated US sanctions laws and laundered at least US$881 million on behalf of drug cartels.

New York

FAMILIES of US citizens murdered by drug gangs in Mexico sued HSBC Holdings plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their businesses.

The lawsuit brings fresh scrutiny to the Mexican

sentifi.com

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