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Midweek Roundup: HSBC to Exit US Settlement, Whistleblower Assists UK Investigation, and More

An unnamed whistleblower reportedly is helping the United Kingdom investigate claims that HSBC, Standard Chartered and India-based Bank of Baroda laundered for South Africa’s powerful Gupta family, the Telegraph reported. More HSBC claimed in a recent statement that it will soon exit the terms of its deferred prosecution agreement with the U.S. Justice Department, The Wall Street Journal reported. More A Turkish investigator testified in New York federal court that he smuggled a trove of documents out of Turkey implicating gold trader Reza Zarrab in a money laundering scheme, claimed the government quashed earlier efforts to prosecute Zarrab, The New...

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