Feds, on anti-money laundering push, reportedly settle with banks for $2.2B

, The National Law Journal


The U.S. Justice Department's stepped up anti-money laundering enforcement against big banks has picked up even more steam this week, and reportedly will be capped by a $1.9 billion settlement feds have reached with HSBC on money laundering charges over dealings with Iran and Mexican drug cartels.

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What's being said

  • RD Legal Funding

    While this settlement takes care of the criminal behavior, shareholders may not be too keen in understanding why executives at their banks put them in this position. It's a really bad position to be in for the executives and shareholders may be angry enough to file a class action lawsuit against the bank and its executives for compensation.


    Yep, only 2 things these Banksters understand i.e. Money and Prison.

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