HSBC Mexican branches became 'place to launder money'

HSBC Holdings' Mexican branches had become so well-known to drug traffickers as the place to launder money that cartels began using special boxes to speed transactions, US prosecutors said.

In February 2008, Mexican authorities told the CEO of HSBC Mexico that a local drug lord referred to the bank as the "place to launder money," they said.

via Business feed http://www.scmp.com/business/banking-finance/article/1103968/hsbc-mexican-branches-became-place-launder-money