News

U.K. regulators for the second year in a row told HSBC executives that the bank's efforts to remediate past anti-money laundering compliance lapses were inadequate, Bloomberg reported. More U.K. banks and other financial institutions filed a record total of suspicious activity reports in the financial year that ended in March, but only 30 percent of those submissions triggered a criminal investigation, according to the Financial Times. More An appeals court in Austria upheld regulators' imposition of a combined €13,000 in fines on three employees of Hypo Vorarlberg Bank for failing to conduct due diligence. More German banks are lobbying federal...