HSBC has been penalised for anti-money-laundering lapses in the UK. Photo: Sam Tsang
HSBC has been penalised for anti-money-laundering lapses in the UK. Photo: Sam Tsang

HSBC fined US$85 million by UK regulator for anti-money-laundering lapses

  • The Financial Conduct Authority said three key parts of HSBC’s automatic monitoring system had serious weakness over an eight-year period until March 2018
  • HSBC’s London-traded shares fell 0.5 per cent to 446.10 pence after the UK watchdog’s announcement

Topic |   Banking & finance
HSBC has been penalised for anti-money-laundering lapses in the UK. Photo: Sam Tsang
HSBC has been penalised for anti-money-laundering lapses in the UK. Photo: Sam Tsang
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