HSBC will pay US authorities $1.9bn (£1.2bn) in a settlement over money-laundering, according to reports, the largest ever in such a case.
HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case. The UK-based bank was alleged to have helped launder money belonging to drug cartels and states under US sanctions.
FACED with unacceptable levels of alcohol-related violence in the Newcastle CBD, the state government introduced a series of tough licensing restrictions in 2008 that have been widely credited for cleaning up the city streets.
The Government tonight ruled out any shift in drugs policy despite a damning report by an influential group of MPs which said Britain was failing to tackle drug barons or the multi-billion pound global profits of their illegal trade.
Problems related to alcohol were well-established foci of news attention and reportage and covered a broad spectrum of issues related to public health goals, yet less coverage centred on long-term health consequences or effective policy solutions.
The idea of a royal commission to consider decriminalising illegal drugs has been ruled out by the prime minister.
A report by the home affairs select committee highlighted Portugal's approach, where criminal penalties are not imposed on users who enter into special programmes designed to end their habits. Paul Spittlehouse, a recovering drug user, urged the government to consider the proposals. "When I was in the midst of my chaotic drug use I wasn't affected at all by the threat of criminal conviction," he told the BBC.
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