HSBC to apologise for money-laundering:
"The report names individual cases such as that of Chinese-Mexican citizen, Zhenly Ye Gon.
Ye Gon, and his three Mexican pharmaceutical firms including Unimed Pharmaceutical were long-standing clients of HBMX.
In 2007, a joint operation between the Mexican government and US Drug Enforcement Agency seized more than $205m in cash at Ye Gon's residence - described as the largest drug-related cash seizure in history - along with $17m in Mexican pesos, firearms, and international wire transfer records.
Ye Gon is currently in a US prison awaiting extradition to Mexico on charges relating to the import, manufacture, and sale of chemicals to drug cartels for use in manufacturing methamphetamine."
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