While the bank’s senior leaders are committed to bolstering controls, the bank has to do more to fix its corporate culture and technology for keeping out dirty money, the monitor said. The report follows a review that included different lines of business and a number of countries. [WSJ]
HSBC Not Sure How It Was Supposed To Know That A Customer Who Showed Up To Open An Account With A Bag Of Cash Should've Been Flagged By Compliance
This is a thing that literally happened.