US justice department says if problems with bank's prevention systems were made public they could be exploited for serious criminal activity HSBC's procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said. The embarrassing disclosure of continuing issues with HSBC's processes is contained in a 16-page motion filed to a US court this week by the ...
HSBC money-laundering procedures 'have flaws too bad to be revealed'
The Guardian - 5 Jun 2015 18:10
US justice department says if problems with bank's prevention systems were made public they could be exploited for serious criminal activity HSBC's procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said. The embarrassing disclosure of continuing issues with HSBC's processes is contained in a 16-page motion filed to a US court this week by the ...
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