HONG KONG: HSBC said on Tuesday it will pay a fine of $1.92bil in a deferred prosecution agreement with the U.S. Department of Justice over the London-based bank's inadequate compliance with anti-money laundering laws.
"We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again," said Chief Executive Stuart Gulliver in a statement. - Reuters
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