HSBC Sued by Families of U.S. Victims of Mexican Drug Gangs

They say the bank participated in the cartels’ money laundering schemes. HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business. The lawsuit alleges that by participating in the money laundering scheme of the cartels, HSBC knowingly contributed directly to the international drug and trafficking trade, including the “brutal acts”...

http://fortune.com

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