Mexican newspaper Reforma and the Reuters News Agency informed that the United States Senate has created a committee to investigate the money laundering operations of HSBC Mexico.
Not much information has been released since it will be until next Tuesday when the committee presents their investigation report to the public and the banks executives give their respective statements.
Apparently, criminal organizations launched their operation through money exchange booths located in Mexican areas where there have already been reports of money laundering.
HSBC stated that they would bring all the information necessary to clear the issue and specialists are analyzing the companys systems to assess their vulnerability. The illegal actions could have started as far as 8 years ago.
Besides the Mexican transactions, the US is also investigating the banks performance in Iran and a number of countries.
brenda.colon@sandiegored.com
Original Text : Brenda Colón
Translation: Karen.Balderas@sandiegored.com
