The investigation into HSBC currency trader Mark Johnson and associate Stuart Scott for their alleged role in a “conspiracy to rig currency benchmarks” by front-running customer orders has escalated to the point where the Department of Justice is threatening to tear up a 2012 agreement to fine HSBC a historic $1.9 billion for money-laundering violations in lieu of criminal prosecutions.
At issue is whether or not HSBC has honored the 2012 deferred-prosecution agreement in which the bank agreed to establish internal review procedures to catch and punish potentially criminal activities by employees.
The bank’s failure to discipline the two currency traders will make it difficult for HSBC to convince law-enforcement authorities that the massive Hong Kong-headquartered bank has complied with the 2012 agreement. An internal investigation in 2013 cleared them of any wrongdoing regarding a $3.5 billion currency trade that U.S. prosecutors now believe was criminally fraudulent.
HSBC money trail leads to Clintons
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http://www.wnd.com/2016/09/hsb...ons-offs****-empire/