Lapses in HSBC's review processes might mean billions of dollars were unchecked for laundering. NY state bank regulators are putting pressure on the bank to change that.
http://www.reuters.com/article/2012/05/03/us-hsbcusa-probes-idUSBRE8420FX20120503
http://www.reuters.com/article/2012/05/03/us-hsbcusa-probes-idUSBRE8420FX20120503
