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HSBC Switzerland's measures to address AML breaches in 2024?
5
Resolution / Starting Odds
Internal audit • 33%
Hiring external consultants • 33%
Restructuring compliance department • 33%
Official announcements from HSBC or credible news sources
Story
HSBC Switzerland Breaches Anti-Money Laundering Rules, Says Finma
Jun 18, 2024, 12:30 PM
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.
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