News Alert: Senate panel: HSBC’s lax controls allowed US operations to be used for laundering money

	Monday, July 16, 2012 6:40:59 PM ECONOMY/BUSINESS NEWS ALERT Senate panel: HSBC's lax controls allowed US operations to be used for laundering money A Senate investigation has found that global banking giant HSBC was for years a haven for foreign money laundering, drug trafficking money and potential terrorist financing activities, largely because of the bank's woefully inadequate monitoring practices, according to a Senate report scheduled for release Tuesday. Read more at: http://www.washingtonpost.com/politics/courts_law/senate-panel-hsbcs-lax-controls-allowed-us-operations-to-be-used-for-laundering-money/2012/07/16/gJQAbDSNpW_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy