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SENATE CLAIMS HSBC ALLOWED DRUG MONEY LAUNDERING

A US Senate probe has found how lax controls at Europe's largest bank left it vulnerable to being used to launder dirty money from around the world.

The report into HSBC claims huge sums of Mexican drug money almost certainly passed through the bank.

Suspicious funds from the Cayman Islands and a number of Middle Eastern countries have also been found.

HSBC says it expects to be held accountable for what went wrong.

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