July 19, 2012 6:28 PM

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Govt: To get to bottom of violation of safety compliance by HSBC's staff

The Government today said it will get to the bottom of the alleged violation of safety compliance by HSBC's staff in the country against money laundering and terrorist financing. Talking to reporters on the sidelines of a function in New Delhi, Home Secretary R.K Singh said that government will also seek more information from Washington on the probe by the US Senate's Permanent Sub-committee on investigations in this regard. He said this is a very serious matter and any financial institution that does not follow the international guidelines set by the Financial Action Task Force makes the entire world vulnerable. .

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