Violation Tracker UK Individual Case

Company: HSBC Bank plc
Current Parent Company: HSBC
Penalty: £63,946,800
Year: 2021
Date: 17 December, 2021
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: HSBC agreed to pay £63 million in settlement of a finding by the FCA that the company's anti-money laundering processes had serious failings over a period of eight years.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct 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)