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HSBC Swiss unit breached money laundering rules, says watchdog

By Frank Prenesti

Date: Tuesday 18 Jun 2024

(Sharecast News) - Switzerland's financial watchdog said HSBC's private bank in the country had breached its obligations in the prevention of money laundering in connection with two unnamed "politically exposed" persons.
HSBC was ordered to conduct a review of all current business relationships with politically exposed people and prevented from entering...

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