When HSBC was called before a US Senate committee in July, the bank’s inadvertent dealings with Mexican drug cartels took centre stage.
But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.
Emails between senior HSBC executives show how the Middle East arm of the bank pushed its counterparts in the US to process Iranian transactions without triggering the filter of the US Treasury’s Office of Foreign Assets Control.
It really seems like they are targeting UK banks here, doesn't seem fair to me.
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