Category: Commercial awareness

• 27th Dec 2021

  Commercial awareness update

  HSBC fined for Anti-money laundering failures The Financial Conduct Authority (FCA) has fined HSBC £64 million after failing to monitor its anti-money laundering processes. It was reported that the issue had taken place between 2010 and 2018. Initially, HSBC had been summoned to pay a fine of £91.4 million, but now reduced by 30%. This…