All posts tagged "HSBC"
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655AML / KYCHuawei Alleges HSBC Continued Evading Sanctions After 2012 DPA
HSBC continued to evade Iran sanctions after its 2012 deferred prosecution agreement with the US Department of Justice, Huawei lawyers say in a letter to a New York District Court.
February 20, 2020 -
305Hong KongHSBC Provides Relief to Customers Impacted by Outbreak
HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.
February 10, 2020 -
760Hong KongHKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
February 7, 2020 -
1.0KAML / KYCSanctions Screening Short Cuts Not Worth the Risk: Refinitiv
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
January 29, 2020 -
274Asia-PacificHKMA, BOT Announce Outcomes of Joint CBDC Research
In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
January 23, 2020 -
475ChinaChina to Introduce New Rules for Online-only Banks – Report
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020 -
533Enforcement
CFTC Charges HSBC Exec with Manipulation, Fraud
The former head of HSBC's North American interest rates business allegedly manipulated prices for five-year basis swaps used to price a bond issuance and a related swap.
December 24, 2019 -
424Press ReleaseRegulation Asia: Top Ten News Stories for 2019
This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
December 20, 2019 -
463Capital RegulationHKMA Rebuts BOE Claim of Hong Kong Fund Outflows
The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city's banking system.
December 19, 2019 -
243AML / KYC
HSBC Switzerland to Pay $192mn to Settle US Tax Evasion Probe
HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.
December 12, 2019
