The AML Watchman

The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”

Showing posts with label HSBC. Show all posts

Monday, 17 December 2012

Sorry boys, when it comes to American justice, size matters!

Now here is an interesting blog entry on US Justice, deferred prosecution agreements and that old chestnut that size does matter.

HSBC executives get no jail time forterrorist financing while somali is jailed

Whilst, IMHO, the conclusion is a little stretched, it's still worth a few minutes of your time.

Tuesday, 15 September 2009

And now for something completely different: Issue No.13!

Image via Wikipedia

The UK's Financial Services Authority (FSA) publishes useful financial crime information form time to time. Lo and behold issue number 13 is out! So for those of you who fall under the FSA's regime, download it, peruse it and apply the relevant bits.

IMHO, look out for the first criminal conviction for insider trading, HSBC's £3 million fine for really poor data practice and the changes in personnel that are coming to the FSA.

Please note it doesn't cover the recent fine for Barclay's transaction reporting errors as outlined below.

Ta Ta For Now.