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HSBC hit with Swiss restrictions after compliance breaches

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Published on: 20 June 2024
Published by a Law360 reporter

Article summary

Law360: Switzerland's financial regulator said 18 June 2024 that HSBC's Swiss private bank had breached anti-money laundering requirements in banking transactions with two high-profile individuals, restricting its new business relationships until it completes reviews overseen by a monitor.

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