Money Laundering, HSBC, Banking Sector

Digital Banks Lead the Challenge Against Retail Banking Giants

Ankura on 5/9/2023

Challenger banks have achieved a great deal of success since they burst on the scene in a big way a decade or so ago to vie with traditional retail banks for a share of the market. The best challengers are consistently...more

White Collar Crime Alert -The French Prosecutor Office has Entered into the First French DPAs for Corruption Charges

Kramer Levin Naftalis & Frankel LLP on 3/12/2018

On Feb. 23, 2018, a couple of months after the first French DPA (“CJIP - convention judiciaire d’intérêt public”) in history was entered into between the French prosecutor office and HSBC Private Bank Suisse in relation to...more

Star Wars Week: Part III – Return of the Jedi – A good final result

Thomas Fox - Compliance Evangelist on 12/14/2017

While I am not sure how much celebrating HSBC might be doing this week, they should have pride in making it through the five-year DPA. The bank worked very hard to overcome its miss-steps and hopefully it will continue to do...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 10/13/2017

HSBC’s making good on its plans to shift to a focus on Asia by naming John Flint—who spent his first 14 years at the bank in Asia—as its new CEO. Flint will take over from Stuart Gulliver in February....more

Second Circuit Limits Disclosure of Independent Monitor Reports in Deferred Prosecution Cases

Troutman Pepper on 7/21/2017

On July 12, the U.S. Court of Appeals for the Second Circuit issued an important decision regarding the role of federal courts in cases resolved through deferred prosecution agreements (DPAs) — a settlement avenue that the...more

Gulliver’s Travels, Truth or Fiction?

Thomas Fox - Compliance Evangelist on 2/27/2015

There was once a man named Gulliver who traveled widely and wrote a book about his adventures called Gulliver’s Tales. During his first voyage, Gulliver is washed ashore after a shipwreck and finds himself a prisoner of a...more