A strange thing occurred this month in the American political universe when a business organization wrote a letter to several key Congressmen advocating on behalf of a bill that would increase government oversight over companies. Yes, you read that right: companies are voicing their support for more government regulation.
Entries in HSBC Holdings Plc (8)
At the annual general meeting of HSBC Holdings plc in London, Group Chairman Douglas Flint said the world is moving toward "greater transparency and fuller disclosure, which we welcome."
HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation ("mise en examen") into HSBC’s Swiss Private Bank for alleged tax-related offenses.
HSBC CEO Stuart Gulliver opened an account at the bank's Swiss affiliate in the name of a Panama-based company while he was based in Hong Kong.
Prosecutors in Switzerland searched the offices of HSBC's private bank in Geneva Wednesday as part of an investigation into money laundering.
Some of the biggest U.S. banks are adding risk and compliance professionals as they seek to comply with increasing regulations, particularly in their overseas operations.
A Colombian national pleaded guilty to a money laundering conspiracy charge in federal court in Orlando, Florida on Monday, federal prosecutors said.