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The Flying Squad received intelligence that the gang intended to target the HSBC branch in Chandler's Ford and planned to lie in wait and apprehend the suspects as they attempted the robbery. Armed police officers arrived in Chandler's Ford in the early hours of the morning of 13 September and concealed themselves in a public toilet close to ...
HSBC, the report said, didn’t just look the other way when it came to illegal transactions. Bank employees stripped out references to Iran, which was under U.S. sanction, to avoid detection. HSBC’s Mexico operation also ran a special “Cayman Islands branch” where any Mexican citizen could open a U.S. dollar account.
On 9 November 2012, Indian activist and politician Arvind Kejriwal said he had details of 700 Indian bank accounts hiding black money with a total value of ₹ 60 billion (US$690 million) with HSBC in Geneva. [193] In June 2013, a media outlet in India did an undercover expose where HSBC officers were caught on camera agreeing to launder "black ...
However, recent disclosure about Director General Claude Marx being cited in the Panama Papers as having a key involvement in over 100 offshore companies whilst at HSBC Private Bank, as well as the CSSF's poor track record in addressing AML complaints, have served to undermine its credibility as an AML enforcer. [11]
This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.
Swiss Leaks (or SwissLeaks) is a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank HSBC via its Swiss subsidiary, HSBC Private Bank (Suisse). [1]
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HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC's main branch office in Thailand is situated ...