money laundering
Wealth managers
The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.
24 April 2013
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3 min read
Wealth managers
HSBC is in talks to settle with US regulators over a money laundering investigation, but increased regulatory scrutiny has led to S&P cutting the bank's credit rating.
24 August 2012
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1 min read
Equities
Standard Chartered could face up to $700m in fines if found guilty of allegations it helped Iranian clients conduct money laundering.
08 August 2012
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Wealth managers
HSBC has revealed it faces a hefty fine - estimated at $1bn by analysts - from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.
12 July 2012
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1 min read
Financial services
UK banking giant HSBC is planning to apologise to the US Senate following an investigation earlier this year into money laundering.
11 July 2012
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1 min read
Economics
The head of the Vatican Bank, Ettore Gotti Tedeschi, has been sacked for neglecting duties, just a few years after he was embroiled in a money laundering scandal.
25 May 2012
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