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Midweek Roundup: Monitor Faults HSBC Compliance with 2012 Agreement, U.K. Pushes Territories on Corporate Registers, and More
printThe independent monitor overseeing HSBC's compliance with its 2012 deferred prosecution agreement uncovered evidence that the bank's staff had misrepresented when it had drafted a justification to clear a client alert, among other compliance-related issues, Bloomberg reported Monday, citing anonymous sources. More The news agency's sources were referring to the content of a 1,000-page report by the monitor, a summary of which was filed in court on Wednesday. The report faulted senior managers of HSBC Bank USA's Global Banking and Markets business line for inappropriately resisting the bank's Internal Audit team and Compliance Testing and Control unit. More French prosecutors...
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