Daily Corruption News: 11 December 2012

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Posted 11 December 2012

Today's top story

Global: HSBC to pay $1.9B, biggest penalty ever for a bank, to settle US money-laundering case
Associated Press

HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.



More news

Australia: 'I don't recall' line of the day at NSW corruption hearing
Sydney Morning Herald

Cayman Islands: Cayman Islands leader arrested in corruption case
Associated Press

Germany: Did Deutsche Bank fraudulently hide huge losses?
Spiegel Online

India: NGOs allege 'corruption' in child development scheme
The Times of India

UK: U.K. fraud agency makes first arrests over Libor-rigging
Bloomberg



Multimedia of the week

South Africa: Mdu Ntuli, Corruption Watch take comedic spin on fishy deals
Times Live



Blogs and opinion

China: China’s war on corruption is about to get real
The Atlantic



News from Transparency International

Web feature: Anti-Corruption Day around the world
On the blog: Will billions in fines alone make banks respect the rules?





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