“HSBC will spend $700m on a global ‘know your customer’ programme, as part of a 26-point plan agreed with US regulatorsto settle money laundering and sanctions breaches. The UK bank, which signed up to the A-Z programme of management changes covering both its US and global operations, reiterated apologies for its failure to prevent Mexican money launderers and countries subject to sanctions, including Iran, from using its network.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
In Venezuela, Almost-Free Gas Comes at a High Cost
Swiss Franc's Swooning Problem
Cyprus bail-out leaves 'bitter taste' for residents
Student shot in head by cop while being used as human shield during home invasion
Iraq war killed 120,000 and cost $800 billion, study estimates
China moves to purge Internet of porn, rumors and, critics say, dissent
Former Pittsburgh schools police officer faces sex charges
Fresh sanctions will freeze big foreign oil projects in Russia
Emerging China, Brazil and India agree to increased United Nations dues
Swiss bank exec fleeing from U.S. government arrested in Italian hotel
Banks Seek a Shield in Mortgage Rules
Why Buffalo wings will break your budget in 2013
News report on running man seeking help killed by North Carolina Police
Inside ‘Liberland,’ the Place of No Taxes Where Crowdfunding Rules
UN finds Syria war crimes 'on both sides'