Financial, Global, Global Banking, News

HSBC Faces Money Laundering Probe

HSBC Faces Money Laundering Probe

HSBC is being investigated over potential breaches of money laundering after there were several concerns raised last year. The bank has commented that it is the subject of an investigation by Financial Conduct Authority into its compliance with UK money laundering regulations and financial crime systems and controls requirements.

“HSBC is facing scrutiny over its measures to combat money laundering after it was slapped with a  £1.2bn fine in 2012 by US authorities.”

~ The Telegraph

HSBC is facing scrutiny over its measures to combat money laundering after it was slapped with a £1.2bn fine in 2012 by US authorities to settle allegations it laundered money for Mexican drug cartels.

Related Reports: The Telegraph, South China Morning Post

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article