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HSBC fined £64m for failings in its anti-money laundering processes
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The City watchdog has fined HSBC £63.9m for “serious weaknesses” in its anti-money laundering processes.
The Financial Conduct Authority said in a 17 December statement that it found weaknesses in three parts of the bank’s transaction monitoring systems between 31 March 2010 and 31 March 2018.
“HSBC’s transaction monitoring systems were not...
Read more on fnlondon.comAbout this in other media
HSBC looks to India for $425m mutual funds play fnlondon.com /2 years ago
JPMorgan brokerage unit fined $200m after failure to monitor WhatsApp, other messaging apps fnlondon.com /3 years ago
Standard Chartered fined £45m for ‘failing to be open and cooperative’ with the banking watchdog fnlondon.com /3 years ago
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