SAC Fund Manager Steinberg Guilty in Insider-Trading Case
Regulators Fine Argentine Unit of HSBC $14 Million, Telam Says
Argentina’s anti-money laundering office fined the local unit of HSBC Holdings Plc (HSBA) 64 million pesos ($14 million) for failing to report suspicious company transactions, state-run news agency Telam reported.
The transactions, worth about 31.7 million pesos, took place from September to December 2007 and involved a company that said it had neither employees nor installations, the agency said.
Officials at the regulators office and an official at the bank declined to comment when contacted by Bloomberg.
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