HSBC big guns to begin crackdown

Updated
HSBC
HSBC

Banking giant HSBC has appointed a team of heavyweights including a former UK tax chief as part of a crackdown on financial crime following its 1.9 billion dollar (£1.2 billion) money laundering settlement.


Dave Hartnett, previously permanent secretary for tax at HM Revenue & Customs, and Bill Hughes, the former head of the Serious Organised Crime Agency, are among a number of advisers who will lead a new financial crime committee, reporting directly to the board. HSBC has also hired former US deputy attorney general Jim Comey to HSBC's board as one of three non-executives who will sit on the committee.
%VIRTUAL-SkimlinksPromo%

Advertisement