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FCPA Blog Daily News

Entries in HSBC Holdings Plc (12)


Xavier Oustalniol: French enforcement action under Sapin II

There is some recent news from the front lines concerning the Agence Française Anti-Corruption’s and French prosecutor's actions against companies that violate the French Anti-Corruption Law, Sapin II, and the use of the Convention Judiciaire d’Interêt Public.

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Tillipman and Block: Should criminal settlements be available to corporate recidivists?

Few corporations are willing to risk the extensive legal costs, reputational damage, and potentially devastating collateral consequences of a trial. Thus, unsurprisingly, corporate settlements have proliferated in recent years, becoming a staple of the U.S. criminal justice system.

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Credit Suisse discloses FCPA investigation for Asia hiring practices

Banking giant Credit Suisse Group AG said Wednesday the DOJ and SEC are investigating its hiring practices in the Asia Pacific region.

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HSBC pays $101 million in U.S. criminal penalties for front-running clients

HSBC Holdings Plc agreed Thursday to pay $101.5 million to resolve a DOJ criminal investigation into rigged currency transactions that hurt two of its institutional clients.

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Severin Wirz: Why businesses are seizing the corporate transparency movement

A strange thing occurred this month in the American political universe when a business organization wrote a letter to several key Congressmen advocating on behalf of a bill that would increase government oversight over companies. Yes, you read that right: companies are voicing their support for more government regulation.

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HSBC boss on the Panama Papers: ‘We welcome more transparency’

Douglas Flint -- Group Chairman, HSBC Holdings plc (Image courtesy of HSBC)At the annual general meeting of HSBC Holdings plc in London, Group Chairman Douglas Flint said the world is moving toward "greater transparency and fuller disclosure, which we welcome."

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HSBC: SEC investigating Asia hiring practices

HSBC Holdings said in an earnings release Monday that the SEC is investigating the bank's hiring practices in Asia.

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France imposes €1 billion bail on HSBC for criminal tax probe

HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation ("mise en examen") into HSBC’s Swiss Private Bank for alleged tax-related offenses.

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Report: HSBC boss held bonuses in secret Swiss account

HSBC CEO Stuart Gulliver opened an account at the bank's Swiss affiliate in the name of a Panama-based company while he was based in Hong Kong.

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Swiss prosecutors raid HSBC offices in money laundering probe

Prosecutors in Switzerland searched the offices of HSBC's private bank in Geneva Wednesday as part of an investigation into money laundering.

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Banks stoke hot job market for compliance pros

Some of the biggest U.S. banks are adding risk and compliance professionals as they seek to comply with increasing regulations, particularly in their overseas operations.

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Money launderer avoids Italian mob by U.S. guilty plea

A Colombian national pleaded guilty to a money laundering conspiracy charge in federal court in Orlando, Florida on Monday, federal prosecutors said.

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