In our sister newsleter, Finance & Money Edge, we brought up the fact HSBC, one of Britain’s largest international banks, has been found to have let a large sum of illicit funds flow through it (again).
From past conversations with our Compliance & Risk experts too, it sounds like combatting money laundering hasn’t really been treated as a priority (despite hefty fines).
I remember speaking to former senior bank executive for an American bank and she gave me the impression that their mandatory “compliance” training was treated mostly as a checkbox on a to-do list.
It begs the question of whether this is a bank leadership problem?
Join 17,777+ Professionals
The quickest way to level up, become smarter & add value to your career in business & finance.
Signup for the FREE weekly newsletter: The Essential Edge.
Get smarter about:
A weekly non-stuffy 2-minute read.
Get the FREE Report: How to Make Better Business Decisions when you sign up for the Essential Edge newsletter.
We value your privacy. We will never rent, sell or exchange your details. Our privacy policy.
