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Violation Tracker UK Individual Case

Company: HSBC Bank PLC
Current Parent CompanyHSBC
Parent at the Time of the Penalty Announcement: HSBC
Company County: Isle of Man
Company Nation/Region: British Crown Dependency
Penalty: £293,930
Year: 2024
Date: 26 November, 2024
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: HSBC agreed to pay £293,930 in settlement of a finding by The Authority that they had made payments to clients against restrictions imposed by the Court or the Financial Intelligence Unit.
Agency: Isle of Man Financial Services Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)