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Mexico fines HSBC $28 million in laundering case
MEXICO CITY (AP) — Mexican regulators say they have fined HSBC $28 million for failing to prevent money laundering through accounts at the bank.
Mexico’s National Securities and Banking Commission says the Mexico subsidiary of the London-based bank has paid the fines.
The commission says the fine was equal to about half of the subsidiary’s 2011 annual profits.
The commission and a report...
USD 1.5 billion target set for tra fish exports
Vietnam has targeted up to $1.55 billion earnings from tra fish exports this year, a year-on-year increase of 10.7 per cent, said the Ministry of Agriculture and Rural Development in a Mekong Delta summation conference held in Can Tho Province yesterday.
The ministry also said the total of tra small fry in the region would be 2.5-2.6 billion and the total yield was estimated to be 1.2-1.3 million...
