Finma watchdog says bank failed to carry out adequate checks of two high-risk business relationshipsHSBC’s Swiss private banking arm breached money-laundering rules by failing to carry out adequate checks on the high-risk accounts of two politically exposed individuals, Switzerland’s banking regulator has found.HSBC Private Bank (Suisse) has been banned from taking on any new high-risk customers until it has completed a full review of its business relationships, Switzerland’s Financial Market Supervisory Authority (Finma) said. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jun/18/hsbc-swiss-private-banking-arm-breached-money-laundering-rules-regulator-finds
Author : Julia Kollewe
Publish date : 2024-06-18 16:44:27
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