HSBC Holdings plc

Parent Company:
HSBC (UK)
HQ Country of Company:
United Kingdom
Agency:
Department of Justice & OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Between May 24, 2006, and October 10, 2008, HSBC Bank USA, N.A. failed to appropriately block or reject a book-entry transfer of 32,000 ounces of gold bullion for the ultimate benefit of a bank-owned or controlled by the Government of Iran.
Fine:
Total Fine
$1,256,000,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$1,256,000,000.00
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