Reuters have reported on the HSBC’s apologize over its money laundering scandal.
HSBC will tell the U.S. Senate it sometimes failed to meet standards that regulators and customers expect, over accusations of drugs money laundering, on Tuesday.
“We will apologize, acknowledge these mistakes, answer for our actions,” the bank said in a statement.
“We give our absolute commitment to fixing what went wrong.”
It added that it has already taken “concrete steps to… address these issue” and “made changes to strengthen compliance, risk management and culture.”
