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Mar 23, 2015
Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border
The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the worldai??i??s largest banks.
