The report alleges the UK “hampered” the probe and “influenced” the outcome. HSBC was accused of letting drug cartels use US banks to launder funds. A US Congressional report revealed UK ...

The watchdog did not name the individuals involved in the suspected money laundering. FINMA said HSBC’s handling of the activity made it “impossible to establish the legitimate nature” of ...

HSBC Private Bank (Suisse) SA, violated money laundering regulations. In a press release, FINMA said that the ruling follows enforcement proceedings opened by it in December 2021, which focused on ...

Swiss authorities on Wednesday raided British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients to dodge millions of ...

Mexico's National Banking and Securities Commission (CNBV) said it had imposed the fine against HSBC due to its “non-compliance with anti-money laundering systems and controls”. HSBC Mexico ...

Banking giant HSBC has begun to use artificial intelligence technology from big data start-up Quantexa to track and combat money laundering. After completing a successful pilot of the technology ...