HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business. The lawsuit alleges that by participating in the money laundering scheme of the cartels, HSBC knowingly contributed directly to the international drug and trafficking trade, including […]

Brazilian police on Tuesday detained Pele’s son Edinho at his home in Sao Paulo state following his money laundering conviction, authorities said. Edinho, full name Edson Cholbi Nascimento, once played in goal for his father’s former club Santos. But at the end of May a court gave him a 33-year jail sentence for laundering money […]