Sep 19, 2023 · HSBC's was fined $1.9 billion in 2012 for its flawed anti-money laundering controls. It ranked as one of the largest fines imposed on a bank in the U.S. up to that time.

Sep 21, 2020 · The news stunned one HSBC senior anti-money-laundering executive, who left the bank shortly after the DPA expired. The executive, who asked to speak anonymously for …

Dec 11, 2012 · According to court documents, HSBC Bank USA violated the BSA by failing to maintain an effective anti-money laundering program and to conduct appropriate due diligence …

Jul 17, 2012 · Failure after failure at HSBC led to the London-based bank being used as a conduit for "drug kingpins and rogue nations", a 300-page report compiled for a US Senate committee …

Dec 11, 2012 · An investigation by U.S. Immigration and Custom Enforcement's (ICE) Homeland Security Investigations (HSI) revealed HSBC Bank USA violated the BSA by failing to maintain …

Dec 10, 2012 · HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case.

Jul 20, 2012 · This week a Senate investigation detailed that HSBC had lax controls against money-laundering and often ignored warnings about clients with ties to drug cartels and …

Dec 17, 2021 · Banking giant HSBC has been fined £63.9m by the UK's financial regulator for "unacceptable failings" of its anti-money laundering systems.

Jun 18, 2024 · 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 …

The OCC and FinCEN announced separate assessments of $500 million civil money penalties (CMP) against HSBC Bank USA N.A. (HBUS), McLean, Virginia for BSA violations. The OCC …