HSBC announces end to suspended sentence for Mexican cartel case


LONDON (Reuters) - HSBC on Monday said its deferred prosecution agreement with the U.S. Department of Justice has expired, marking an end to the threat of further punishment for lapses in its anti-money laundering controls.

HSBC said it has lived up to its commitments under the five-year deal signed in December 2012, under which it pledged to strengthen its sanctions and anti-money laundering controls.Europe's biggest bank entered into the five-year agreement and paid a $1.9 billion fine for failing to prevent Mexican cartels from laundering.

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