HSBC appoints head of financial crime compliance

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Robert Werner is taking on a new role as head of group financial crime compliance and group money laundering reporting officer at HSBC. He will report to Marc Moses, group chief risk officer, with continued accountability to Stuart Levey, chief legal officer.

The newly established role is part of a restructuring at HSBC which separates financial crime compliance from other areas of compliance. This follows today's announcement that HSBC has agreed to pay US authorities $1.921 billion in a settle

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