HSBC money laundering allegations

Global Witness reported concerns that HSBC allegedly contributed to human rights abuses by “doing business with Mexican drug lords, terrorist financers and pariah states” in the following press release:

- “Outrage at vast HSBC profits and bonuses despite role in drug money laundering”, Global Witness, 4 Mar 2013

Business & Human Rights Resource Centre invited HSBC to respond to the item above.  HSBC sent the following materials:

- HSBC's response [PDF]

- HSBC's press release on settlement with US authorities for inadequate compliance with anti-money laundering legislation, 11 Dec 2012 [PDF]

- HSBC’s Annual Report and Accounts, 4 Mar 2013:

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Company response
19 March 2013

Response by HSBC: Global Witness says HSBC money laundering contributed to human rights abuses by “doing business with Mexican drug lords, terrorist financers and pariah states”.

Read full response

Article
19 March 2013

HSBC money laundering allegations

Author: Compiled by Business & Human Rights Resource Centre

Global Witness reported concerns that HSBC allegedly contributed to human rights abuses by “doing business with Mexican drug lords, terrorist financers and pariah states” in the following press release: “Outrage at vast HSBC profits and bonuses...

Read more