The Justice Department seeks settlement with HSBC in the laundering investigation . GOP Sen. Charles Baker says department officials have sought criminal charges . Any prosecution in the case was `` deferred , '' meaning it is unlikely anyone from the bank will ever go to jail for wrongdoing . HSBC , which accepted responsibility , will pay the U.S. government $ 1 billion .
The Justice Department seeks settlement with HSBC in the laundering investigation . GOP Sen. Charles Baker says department officials have sought criminal charges . HSBC , which accepted responsibility , will pay the U.S. government $ 1 billion .