India will get to the bottom of alleged violation of safety compliance on money laundering and terrorist financing by HSBC staff in the country, a top Government official has said.
An investigation report of the US Senate Permanent Sub-committee has revealed that the banking major had failed to prevent money laundering by drug cartels and terrorist into US and other countries. It has been found that HSBC’s anti-money laundering compliance department, which included employees in India, was highly inadequately staffed.
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