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Banking giant HSBC to apologize to Senate for ‘lax money-laundering controls’
An HSBC bank branch in central London-based global banking giant HSBC Holdings will apologise to a US Senate hearing next week for failures in its anti-money laundering controls, a report said Wednesday. HSBC will tell lawmakers at the July 17 hearing that “unacceptable behaviour” has slipped through its monitoring systems,…
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