HSBC's 2012 deferred prosecution agreement: instead of being prosecuted, the bank agreed to forfeit $1.256 billion.
In lieu of a criminal prosecution and related forfeiture, the HSBC Parties hereby agree to pay to the United States the sum of $1,256,000,000 (the “Forfeiture Amount”).
p. 13; term p. 2
HSBC's 2012 deferred prosecution agreement: instead of being prosecuted, the bank agreed to forfeit $1.256 billion.