498:, for violating four U.S. laws designed to protect the U.S. financial system. HSBC had allegedly laundered at least $ 881 million in drugs proceeds through the U.S. financial system for international cartels, as well as processing an additional $ 660 million for banks in US sanctioned countries. According to the report, "The U.S. bank subsidiary failed to monitor more than $ 670 million in wire transfers and more than $ 9.4 billion in purchases of physical dollars from its Mexico unit." As part of the agreement deferring its prosecution, HSBC acknowledged that for years it had ignored warning signs that drug cartels in Mexico were using its branches to launder millions of dollars, and also acknowledged that HSBC's international staff had stripped identifying information on transactions made through the United States from countries facing economic sanctions such as Iran and Sudan. Former HSBC Mexico Chief Executive
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Under the HSBC brand, the bank maintains a network of around 1400 branches nationwide, with the longest opening hours (8AM-7PM) including
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accused HSBC of breaching safeguards that should have stopped the laundering of money from Mexico. HSBC had laundered over $ 800 million dollars for the
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On August 14, 2003, HSBC agreed to acquire AFORE Allianz
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HSBC Mexico is responsible for other operations in the area, principally
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HSBC was the first
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This article is about the bank in Mexico. For the global HSBC Group, see
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retired in 2012 from HSBC as part of the deal with the US authorities.
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HSBC México, S.A. Institución de Banca Múltiple (Bank)
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Mollenkamp, Carrick; Wolf, Brett (11 December 2012).
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Viswanatha, Aruna; Wolf, Brett (December 11, 2012).
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409:via ATMs - this idea has since been taken up by
441:HSBC Casa de Bolsa, S.A. de C.V. (Stockbroker)
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120:Learn how and when to remove this message
486:and HSBC Honduras through what was BGA.
437:HSBC Afore, S.A. de C.V. (Pension Fund)
16:Mexican subsidiary of multinational bank
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446:HSBC also has a 19.99 percent stake in
443:HSBC Operadora de Fondos, S.A. de C.V.
435:HSBC Seguros, S.A. de C.V. (Insurance)
393:that followed the crisis of 1994-95.
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58:adding citations to reliable sources
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462:As a principal member of the
1058:Crédit Commercial de France
172:; 83 years ago
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1053:Continental Bank of Canada
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975:Hang Seng Bank (Hong Kong)
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1038:Bank of British Columbia
448:Financiera Independencia
429:Other Mexican Operations
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990:Minority stakes and JVs
468:HSBC Bank (Panama) S.A.
364:customers received new
189:HSBC Tower, Mexico City
1063:Greenwich Savings Bank
997:Bank of Communications
648:HSBC: Too big to jail?
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340:on November 22, 2002.
315:Norte del Valle cartel
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857:Principal local banks
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161:Finance and Insurance
1043:Barclays Bank Canada
54:improve this article
1432:Foreign-owned banks
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1295:Banco del Bienestar
1122:Former subsidiaries
1093:Marine Midland Bank
681:HSBC Mexico website
458:Regional Operations
439:HSBC Fianzas, S.A.
387:fixed-rate mortgage
354:Banco Internacional
284:Paseo de la Reforma
224:Number of employees
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1324:Banco Ahorro Famsa
1088:Lloyds Bank Canada
884:Continental Europe
770:Board of directors
627:The Globe and Mail
472:HSBC Colombia S.A.
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305:In July 2012, the
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217:Financial services
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970:First Direct (UK)
838:HSBC Private Bank
828:HSBC InvestDirect
787:Henri de Castries
556:HSBC Holdings plc
484:Banco Salvadoreño
334:HSBC Holdings plc
323:Michael Geoghegan
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110:December 2010
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71: –
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69:"HSBC México"
66:
65:Find sources:
59:
55:
49:
48:
43:This article
41:
37:
32:
31:
26:
22:
1448:
1423:Banco Ve X +
1339:Banco Azteca
1319:Banca Afirme
1314:Agrofinanzas
1261:Central bank
1206:
1192:
1098:Midland Bank
929:Saudi Arabia
833:HSBC Premier
676:Bibliography
659:
651:
643:
631:. Retrieved
626:
601:. Retrieved
597:
587:
570:
534:Banks portal
493:
461:
445:
432:
420:
411:HSBC Bank UK
400:
383:
366:credit cards
347:
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264:
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204:Jorge Arce (
185:Headquarters
147:Company type
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52:Please help
47:verification
44:
1449:HSBC México
1444:BBVA México
1413:Banco Monex
1408:Banca Mifel
1403:Banco Invex
1388:Banco Famsa
1382:Banco Facil
1329:Banco Amigo
1170:Swiss Leaks
1073:Guyerzeller
1021:Techcombank
914:Middle East
807:Mark Tucker
397:ATM network
300:Mexico City
133:HSBC México
1479:Categories
1464:Scotiabank
1384:(Chedraui)
1372:Banco BASE
1367:Bansi S.A.
1048:Beneficial
823:HSBC Expat
802:Noel Quinn
797:David Nish
576:Contact Us
562:References
464:HSBC Group
344:Rebranding
296:Cuauhtémoc
280:Torre HSBC
200:Key people
151:Subsidiary
80:newspapers
1454:MUFG Bank
1349:BanCoppel
1285:Bancomext
1149:HSBC Rail
1078:Household
934:Sri Lanka
894:Hong Kong
869:Australia
864:Argentina
782:Laura Cha
629:. Toronto
474:formerly
452:Serfincor
407:donations
375:HSBC logo
336:acquired
307:US Senate
286:near the
25:HSBC Bank
1362:BanRegio
1353:Bankaool
1344:BanBajío
1310:Actinver
1290:Banobras
1195:Category
1158:Scandals
977:(63.04%)
904:Malaysia
652:CNNMoney
506:See also
417:Pensions
338:GF Bital
313:and the
273:Fobaproa
213:Products
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