Video: HSBC & the Largest Money Laundering Fine Ever

Fact checked

The US government recently hit Europe’s largest bank with the biggest anti-money laundering fine in history: a cool 1.9 billion dollars, along with deferred prosecution, partially docked bonuses and a monitoring overhaul. It’s inarguably a lot of money — so why are so many people claiming HSBC skirted justice? What exactly did the company do?