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Outcome of Finma's investigation into HSBC Switzerland in 2024?
5
Resolution / Starting Odds
Fine imposed • 33%
Further investigation • 33%
No further action • 33%
Official announcements from Finma 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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Approve revised emergency plans • 25%
Require further revisions • 25%
Impose additional regulatory measures • 25%
No significant action taken • 25%
UBS • 25%
Credit Suisse (as part of UBS) • 25%
Other Swiss bank • 25%
No bank faces action • 25%
Found Guilty • 25%
Found Not Guilty • 25%
Settled Out of Court • 25%
Case Dismissed • 25%
No action taken • 25%
Warning issued • 25%
Fine imposed • 25%
License restrictions • 25%
No charges filed • 25%
Charges filed but no convictions • 25%
Convictions secured • 25%
Funds permanently confiscated • 25%
Convicted • 25%
Acquitted • 25%
Case Dismissed • 25%
Plea Deal • 25%
Yes • 50%
No • 50%
Stable • 25%
Moderately stable • 25%
Unstable • 25%
Critically unstable • 25%
Yes • 50%
No • 50%
