GRC Professional - February 2015 Edition | Page 20

Norte del Valle cartel in Colombia, to move
more than $881 million through HSBC’s US
unit from 2006 to 2010, the Government alleged in the case.
HSBC has since spent hundreds of millions of dollars to overhaul its anti-moneylaundering system. Later this month, an independent US monitor will submit a report to
the )