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.
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