HSBC says it will pay $1.9 billion fine to US DOJ in money laundering case - Reuters Canada

HONG KONG (Reuters) - HSBC (HSBA.L: Quote) (0005.HK: Quote) said on Tuesday it will pay a fine of $1.92 billion in a deferred prosecution agreement with the U.S. Department of Justice over the London-based bank's inadequate compliance with anti-money laundering laws.

"We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again," said Chief Executive Stuart Gulliver in a statement.

(Reporting By Lawrence White; Editing by Alex Richardson)

© Thomson Reuters 2012 All rights reserved.