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Market
HSBC Switzerland's response to Finma's findings in 2024?
5
Resolution / Starting Odds
Pay a fine • 25%
Implement new policies • 25%
Executive resignations • 25%
Legal action against Finma • 25%
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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