HSBC fine ‘warning shot’ to industry, experts say
HSBC's $1.9 billion fine a sign that regulators have 'real bite'
HSBC's $1.9 billion fine is a warning shot to financial institutions that may be considering operating outside of regulatory restrictions, industry experts say.
The fine, which includes a payment of $1.256 billion as part of a deferred prosecution deal with the US Department of Justice, is part of an agreement reached between the bank and US authorities for breaches in anti-money laundering (AML)
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