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HSBC did not report $4.2 billion in suspicious funds that began moving through 60 accounts at the lender's affiliate in Hong Kong in 2014, two years after the institution entered into a deferred prosecution agreement with the U.S. Justice Department, the Bureau of Investigative Journalism and the Guardian reported. More and More The U.K. Financial Conduct Authority urged banks to report corporate clients they suspect may have fraudulently obtained government-subsidized loans intended for firms impacted by the novel coronavirus pandemic, ACAMS moneylaundering.com reported. More Plans by the FCA to streamline enforcement processes could lead to harsher measures against U.K. companies...