Originally published on Thu December 13, 2012 5:54 pm
When most drivers get a ticket from a speed-zone camera, there's little they can do but pay the fine. After all, the ticket often includes photographic proof that their car was over the limit. But a Maryland driver is fighting his $40 fine precisely because of what the photos show: his car, sitting at a red light.
Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.