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Midweek Roundup: Jersey Launches HSBC Probe, U.S. Negotiates FATCA with 50 Nations, and More
printThe Bailiwick of Jersey has joined the growing list of jurisdictions investigating HSBC Holdings Plc for allegedly failing to stem financial crimes by accountholders. The Jersey Financial Services Commission announced on Tuesday that it plans to probe that banking giant's operations, including its anti-money laundering (AML) controls. More Last week, the United Kingdom's Revenue and Customs disclosed that it was investigating whether more than 4,000 British citizens were evading taxes through HSBC accounts held in the crown dependency. More The United States is negotiating with approximately 50 nations on how best to comply with its Foreign Account Tax Compliance Act...
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