HSBC Holdings Plc, Europe’s largest bank, has more than tripled its U.S. anti-money-laundering monitoring team to 250 from 75 in 2010 to help battle illicit money transfers, Chief Legal Officer Stuart Levey said.
Georges Chodron de Courcel’s resignation after more than 40 years at BNP Paribas SA won’t soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
Peregrine Financial Group Inc. Chief Executive Officer Russell Wasendorf Sr. said in a signed statement linked to his suicide attempt that he committed fraud for two decades at his Cedar Falls, Iowa-based company, according to a federal complaint.
Few people noticed Saudi Arabia’s three-day conference in September on disrupting terrorism financing. For a team at the U.S. Treasury Department, though, it was a long-sought victory in the fight against al-Qaeda.
HSBC Holdings Plc’s North American head Irene Dorner and global legal chief Stuart Levey will face Senate investigators’ questions about the firm’s failure to protect against money laundering, according to a list of witnesses released today.
The U.S. took action to block an Iranian bank, the country’s Revolutionary Guard Corps and the group’s business interests from using the international financial system, implementing new United Nations sanctions.