Weekly Roundup: Hewlett-Packard Pays $108 Million for Laundering Bribes, Chinese Banks Drop Bitcoin Accounts, and More

Hewlett-Packard Co. will pay $108 million to the U.S. Justice Department and Securities and Exchange Commission to settle charges that it violated the Foreign Corrupt Practices Act and anti-money laundering laws, Bloomberg said. The company's subsidiaries created a slush fund for foreign bribe payments and laundered related funds through shell companies, according to federal prosecutors. More Brazil's federal police raided the headquarters of Petroleo Brasileiro SA, a state-run oil company, as part of a money laundering investigation, Reuters said. The raid follows the arrest of the former head of the company's refining and supply unit on money laundering charges. More...