International

HSBC fears U.S. money laundering fines to top $1.5 bln

A woman leaves an ATM of an HSBC branch in Hong Kong on July 30, 2012. HSBC said on July 30 it took a provision of 700 USD million (571 million euros) to cover fines for failing to apply anti-money laundering rules but warned the overall cost could be "significantly higher." (AFP PHOTO / Philippe Lopez)

 
A version of this article appeared in the print edition of The Daily Star on November 06, 2012, on page 6.

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