A Nevada man received a nearly three-year federal prison sentence after being convicted on wire fraud and money-laundering ...

Hyperliquid is drawing the attention of Chinese authorities, confirming previous unofficial investigations of ...

The Federal Reserve is loosening a major restriction on Wells Fargo (WFC) that was put in place following a fake accounts ...

A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after ...

Swiss banking supervisory authority FINMA has ruled that HSBC Holdings’ HSBC Switzerland branch, HSBC Private Bank (Suisse) SA, violated money laundering ... The news was first reported by ...

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 ...

In 2021, the Guardian newspaper revealed an internal HSBC report with information on how the bank had discovered a suspected money laundering network involving $4.2 billion worth of payments.

Fatima Attarwala is a business news writer and editor with a decade ... launch of an artificial intelligence (AI)-powered anti-money laundering (AML) product on Wednesday. The tool is designed ...

The Federal Reserve has terminated a 2012 enforcement action with HSBC Holdings in which the London-based bank had admitted that it willfully violated its anti-money-laundering obligations. The Fed's ...

HSBC has since undertaken a remediation programme into its anti-money laundering processes, which was supervised by the FCA. Money laundering, and its links to organised crime, is a serious global ...

Banking giant HSBC has been fined £63.9m by the UK's financial regulator for "unacceptable failings" of its anti-money laundering systems. The Financial Conduct Authority (FCA) said weaknesses in ...