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ing children.
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• 9. APPLE TAKES AUSTRALIANS THE WRONG WAY
• Police say the software giant's mapping service is "potentially life-threatening" for sending drivers looking for the southern city of Mildura to a remote desert.
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• 10. WHY ALAN ALDA WANTS TO KNOW WHAT TIME IS
• The "MASH" star posed the question from his childhood to scientists as a visiting professor at a New York college.
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AP News in Brief
HSBC to pay $1.9B to settle money-laundering case; biggest bank forfeiture ever
• WASHINGTON (AP) -- HSBC, the British banking giant, said Tuesday it will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States.
• The probe of the bank -- Europe's largest by market value -- has focused on the transfer of funds through the U.S. financial system from Mexican drug cartels and on behalf of nations like Iran that are under international sanctions.
• Stuart Gulliver, Group Chief Executive of HSBC, released a statement Tuesday saying: "We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again."
• The bank also said it has reached agreements over investigations by other U.S. government agencies. It also expects to sign an agreement with British regulators shortly.
• A U.S. law enforcement official said Monday that the investigation by federal and state authorities will result in HSBC paying $1.25 billion in forfeiture and paying $655 million in civil penalties. The $1.25 billion figure is the largest forfeiture ever in a case involving a bank. Under what is known as a deferred prosecution agreement, the financial institution will be accused of violating the Bank Secrecy Act and the Trading With the Enemy Act.
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