On 17 December, the BBC and others reported that HSBC has been fined £63.9 million by the FCA for “unacceptable failings” of its AML systems. It said weaknesses in HSBC’s financial crime safeguards had been highlighted several times before action was taken.
https://www.bbc.co.uk/news/business-59689581
https://www.finextra.com/newsarticle/39422/hsbc-fined-639m-for-aml-failings/mobile
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