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HSBC

Similar e-mails are being distributed naming businesses that it is common for financial services businesses to deal with. SWIFT and Western Union are the bait for the unwary. HSBC in Dubai makes an appearance, too, to increase the credibility of the scheme.

BIScom Subsection: 

The Hong Kong Monetary Authority released this statement at 17:30 HKG time (11:30 GMT) today.

BIScom Subsection: 

 

 Midland Bank Griffin Logo HSBC's takeover of Midland Bank was a nightmare of regulatory challenges. Now, 25 years after eventually being taken over, the last little bit of Midland identity is being removed.

 

BIScom Subsection: 

Yes, yes, yes, we all know: HSBC is officially a UK bank except we all know it isn't. Not really. Yes, it has a big office in London and because of Stock Market rules its big bosses all have desks there but in truth, HSBC is still what it says on the tin. Even the Shanghai bit is coming back into use. So when HSBC in Hong Kong announced that it is starting to collect more detailed Know Your Customer information, it's good to take notice. And one reason it's good to take notice is that almost every other bank in the world is going to have to follow the HSBC lead as Compliance/Risk Management decisions inform business direction. And if they don't, they face appearing on a new OECD blacklist, an OFAC list and many more.

The Law Society of England and Wales is mounting one of its biggest PR campaigns ever as HSBC, one of the largest residential mortgage lenders in the UK says that all its mortgage work is to be handled by only 43 firms.

CoNet Section: 

 


 

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