Crime

CrimeZ and the Policing of the world

HSBC fined almost £64m over money laundering failures

HSBC fined almost £64m over money laundering failures

The UK’s financial watchdog has hit banking giant HSBC with a £63.9 million fine for failings in its anti-money laundering processes. The Financial Conduct Authority (FCA) issued the punishment after finding “serious weaknesses” across HSBC’s automated systems used to monitor hundreds of millions of transactions a month to identify possible …

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