Midweek Roundup: Swiss Freeze Credit Suisse Accounts Held for Mubarak’s Sons, U.N. Targets Congo Rebels, and More

A January 2010 narcotics trafficking investigation helped authorities uncover systematic compliance violations at HSBC Holdings Plc, Reuters reported, citing court documents. Julio Chaparro, who laundered funds on behalf of drug traffickers, typically deposited money at HSBC Mexico and then wired the funds to U.S. businesses to purchase consumer goods that were later shipped to South America and sold. More Chaparro pleaded guilty to money laundering conspiracy in May and the bank paid $1.9 billion in December for anti-money laundering (AML) deficiencies. More Swiss officials have frozen $300 million from a Geneva branch of Credit Suisse believed to be the assets...