Tag: HSBC

The Competition and Markets Authority (CMA) has issued provisional findings indicating potential collusion among five significant banks on the trading of UK government bonds. 

Armalytix, which streamlines data collection and intelligence for AML checks, has reportedly raised $1m in funding.

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

The Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 for failings related to its anti-money laundering processes.

TAINA Technology has secured investment from Deutsche Bank and HSBC Asset Management’s Financial Technology Venture Capital Fund in a recent funding round.

HSBC has introduced the Risk Advisory tool, a solution aimed at helping the management of credit more efficiently for risk and trading teams.

UK charity GambleAware has published a guide to help companies in the financial services market reduce gambling-related harm to customers.

A green finance task force convened by the Monetary Authority of Singapore (MAS) has issued a slew of initiatives for financial institutions to enhance climate-related disclosures and green capabilities.

UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.

Challenger banks Monzo and Starling Bank led the list that provided the best service among the UK's 19 largest personal account providers, according to new research from British regulators.