HSBC 'ignored money laundering warning' in South Africa scandal
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HSBC is facing scrutiny over its role in a money laundering scandal in South Africa, with reports suggesting the bank ignored warnings and moved large sums of suspicious funds. The bank's involvement in the scandal has been described as "complicit" and a case study in compliance failures. The extent of HSBC's liability and the amount of money involved are unclear, with various figures and settlements being reported.
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