The European Union plans to remove the UAE from its list of countries that pose a high risk for money laundering, amid ...

The Senate is moving this week to finalize legislation, known as the Genius Act, that would create a regulatory framework for ...

UBS faces the prospect of a public hearing to determine whether the bank can continue doing business with some of its most ...

Documents circulating online that purport to expose a $100 billion money laundering scheme involving the Marcos family’s supposed 350 metric tons of gold are riddled with red flags.

The investigation revealed that HSBC Private ... why a transit account held with it had been used for these transactions, writes Finma. Nor did it identify any money laundering indicators in ...

HSBC's Swiss private ... and then back to other accounts in Lebanon. The watchdog refrained from naming the individuals implicated in the suspected money laundering. FINMA criticised HSBC's ...

were sent from Lebanon to Switzerland and back to other accounts in Lebanon. The watchdog did not name the individuals involved in the suspected money laundering. FINMA said HSBC’s handling of ...

A spokesperson for HSBC said the bank ... Switzerland and back to other accounts in Lebanon. It added that HSBC “failed to recognise the indications of money laundering presented by these ...

HSBC's Swiss private bank violated money-laundering regulations by not undertaking necessary checks on high-risk accounts, the country's financial regulator said. The global bank operated two high ...

HSBC Holdings Plc’s Swiss private bank failed to carry out adequate checks on ‘high-risk’ accounts owned by politically-exposed persons designed to prevent money laundering, Switzerland’s ...

Switzerland’s financial regulator has banned HSBC’s Swiss private bank from taking on prominent public figures as clients after finding the lender violated anti-money laundering regulations.