Friday, October 23, 2020

South African central bank fines HSBC for lax money laundering controls

South African central bank fines HSBC for lax money laundering controls 1
By Olaalpha

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South African central bank fines HSBC for lax money laundering controls 2

South Africa’s central bank on Friday fined HSBC’s local business 15 million rand (844,927 pounds) for weaknesses in its processes meant to detect money laundering and terrorism financing, and ordered the bank to fix the problems. The Prudential Authority (PA), which sits within the […]

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