HSBC apologizes for lax controls on transactions with N. Korea, others

July 18th, 2012
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HSBC apologizes for lax controls on transactions with N. Korea, others WASHINGTON, July 17 (Yonhap) — Executives from HSBC Holdings admitted Tuesday that the largest European bank had some loopholes in controlling transactions involving North Korea and other ‘rogue states.’   A group of top HSBC officials appeared at a U.S. Senate hearing a day after

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Chad O'Carroll

Chad O'Carroll founded NK News in 2010. He is based in Washington, D.C.

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