
HSBC Holdings plc and HSBC Bank USA N.A. Agreed to forfeit $1.256 billion and enter into a deferred prosecution agreement with the Justice Department for hsbc's alleged violations of the Bank Secrecy Act, the International Emergency Economic Powers Act and the Trading with the Enemy Act. For more info visit https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations