HSBC's Swiss private banking subsidiary, HSBC Switzerland, has been found to have breached anti-money laundering rules, according to Switzerland’s banking regulator, Finma. The regulator stated that HSBC Switzerland failed to carry out adequate checks on high-risk accounts, which is a violation of the country's money-laundering regulations.
HSBC Switzerland breached money-laundering rules, says Swiss watchdog https://t.co/ZQ37sin9FM https://t.co/ZfH58uFC4q
Swiss regulator finds HSBC violated money laundering rules https://t.co/KIcmbcPiYB
HSBC Switzerland breached money-laundering rules, says Swiss watchdog https://t.co/SEgCYE0A0Y https://t.co/tApRGQNtZV
Translation: “According to the financial market regulator Finma, the Swiss private banking subsidiary of the major British bank $HSBC has violated anti-money laundering rules” Anyone surprised here? There is already enough material for the sequel of this book 🙈👇🏻 https://t.co/hqQ1FWQMa0 https://t.co/TyoN1ckriM
Die Schweizer Privatbanktochter der britischen Großbank HSBC hat nach Angaben der Finanzmarktaufsicht Finma gegen die Regeln zur Geldwäschebekämpfung verstoßen. https://t.co/XBO2jvJEhI
HSBC's Swiss private bank failed to carry out adequate checks on "high-risk" accounts, says Switzerland’s banking regulator https://t.co/qLDFjb2aiK