Latest news with #investigations
Yahoo
17 hours ago
- Business
- Yahoo
HSBC Swiss private bank faces probe over alleged money laundering
HSBC Holdings' Swiss private banking arm is currently under scrutiny by local and French law enforcement agencies, the bank in a statement. The investigations, which are in their preliminary stages, are focused on potential offenses linked to "two historical banking relationships." The banking giant aid that the outcome of these investigations could have a significant impact on its operations, although it is currently "not practicable" to estimate the extent of the potential repercussions. In its interim report, the bank stated: 'Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of these matters, including the timing or any possible impact on HSBC, which could be significant.' This development follows the previous year's findings by Switzerland's financial regulator, Finma, which highlighted the bank's failure to perform sufficient checks on high-risk accounts, particularly those belonging to politically exposed persons (PEPs). Finma's investigation revealed severe breaches of regulations concerning transactions exceeding $300M that occurred from 2002 to 2015. Consequently, HSBC was mandated to overhaul its anti-money laundering protocols and to reassess all high-risk and politically exposed client relationships. Additionally, the bank was instructed to refrain from acquiring any new PEP clients until the required improvements were verified as complete. For the half-year ended 30 June 2025, HSBC's profit before tax declined by $5.7bn to $15.8bn, while revenue fell by $3.2bn, or 9%, to $34.1bn compared to the same period in 2024. This month, HSBC Continental Europe revealed the divestment of its fund administration business, Internationale Kapitalanlagegesellschaft (INKA), to a fund managed by BlackFin Capital Partners. "HSBC Swiss private bank faces probe over alleged money laundering " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
BreakingNews.ie
2 days ago
- BreakingNews.ie
Appeals for witnesses to deaths of man and woman during Troubles
Fresh appeals have been made for witnesses to separate deaths of a man and a woman in west Belfast during the Troubles. The families of Teresa Carson and loyalist William Marchant have been described as waiting for many years for answers about the deaths of their loved ones. Advertisement These appeals will involve distributing posters and organised leaflet drops in the areas relating to both investigations. Ms Carson (47) was found dead at the side of the Glen Road in the early hours of Sunday, November 24th, 1974. It is understood she had witnessed a robbery St John's GAC Social Club on Whiterock Road hours before. She was last seen in the grounds of the club at 12.15am getting into a white coloured car. Advertisement Mr Marchant (39), who was also known as Billy or Frenchie, was shot outside the Progressive Unionist Party offices on Shankill Road at approximately 3pm on April 28th, 1987, and later died in hospital. A brown coloured Datsun Bluebird car, registration number YOI 2557, was used in the attack. It had been hijacked earlier in the day after a family was held at gunpoint overnight at Tullymore Gardens in west Belfast. The Independent Commission for Reconciliation and Information Recovery has launched appeals for witnesses to come forward in relation to investigations into both deaths following requests from the victims' families. Advertisement Assistant commissioner Amanda Logan said their families asked the Commission to help them find out what happened to their loved ones. 'We have always underlined the Commission's unwavering commitment to helping families find the unvarnished truth and this is at the centre of our witness appeals,' she said. Ireland UK defence ministry obliged to preserve records re... Read More 'The relatives of Teresa Carson and William Marchant believe that someone may hold vital information that could prove key to the investigations. 'These families have waited many years for answers and we at the Commission are committed to doing everything we can to support them. If members of the public have any information about either of these cases, please come forward.' Advertisement She added: 'No matter how unimportant your information may seem, what you share could be vital to finding the truth for the families. All information we receive will be treated in the strictest confidence.'
The Independent
2 days ago
- The Independent
Legacy body appeals for witnesses to deaths of man and woman during Troubles
Fresh appeals have been made for witnesses to separate deaths of a man and a woman in west Belfast during the Troubles. The families of Teresa Carson and loyalist William Marchant have been described as waiting for many years for answers about the deaths of their loved ones. These appeals will involve distributing posters and organised leaflet drops in the areas relating to both investigations. Ms Carson, 47, was found dead at the side of the Glen Road in the early hours of Sunday November 24 1974. It is understood she had witnessed a robbery St John's GAC Social Club on Whiterock Road hours before. She was last seen in the grounds of the club at 12.15am getting into a white coloured car. Mr Marchant, 39, who was also known as Billy or Frenchie, was shot outside the Progressive Unionist Party offices on Shankill Road at approximately 3pm on April 28 1987, and later died in hospital. A brown coloured Datsun Bluebird car, registration number YOI 2557, was used in the attack. It had been hijacked earlier in the day after a family was held at gunpoint overnight at Tullymore Gardens in west Belfast. The Independent Commission for Reconciliation and Information Recovery has launched appeals for witnesses to come forward in relation to investigations into both deaths following requests from the victims' families. Assistant commissioner Amanda Logan said their families asked the Commission to help them find out what happened to their loved ones. 'We have always underlined the Commission's unwavering commitment to helping families find the unvarnished truth and this is at the centre of our witness appeals,' she said. 'The relatives of Teresa Carson and William Marchant believe that someone may hold vital information that could prove key to the investigations. 'These families have waited many years for answers and we at the Commission are committed to doing everything we can to support them. If members of the public have any information about either of these cases, please come forward.' She added: 'No matter how unimportant your information may seem, what you share could be vital to finding the truth for the families. All information we receive will be treated in the strictest confidence.'
Yahoo
2 days ago
- Yahoo
Legacy body appeals for witnesses to deaths of man and woman during Troubles
Fresh appeals have been made for witnesses to separate deaths of a man and a woman in west Belfast during the Troubles. The families of Teresa Carson and loyalist William Marchant have been described as waiting for many years for answers about the deaths of their loved ones. These appeals will involve distributing posters and organised leaflet drops in the areas relating to both investigations. Ms Carson, 47, was found dead at the side of the Glen Road in the early hours of Sunday November 24 1974. It is understood she had witnessed a robbery St John's GAC Social Club on Whiterock Road hours before. She was last seen in the grounds of the club at 12.15am getting into a white coloured car. Mr Marchant, 39, who was also known as Billy or Frenchie, was shot outside the Progressive Unionist Party offices on Shankill Road at approximately 3pm on April 28 1987, and later died in hospital. A brown coloured Datsun Bluebird car, registration number YOI 2557, was used in the attack. It had been hijacked earlier in the day after a family was held at gunpoint overnight at Tullymore Gardens in west Belfast. The Independent Commission for Reconciliation and Information Recovery has launched appeals for witnesses to come forward in relation to investigations into both deaths following requests from the victims' families. Assistant commissioner Amanda Logan said their families asked the Commission to help them find out what happened to their loved ones. 'We have always underlined the Commission's unwavering commitment to helping families find the unvarnished truth and this is at the centre of our witness appeals,' she said. 'The relatives of Teresa Carson and William Marchant believe that someone may hold vital information that could prove key to the investigations. 'These families have waited many years for answers and we at the Commission are committed to doing everything we can to support them. If members of the public have any information about either of these cases, please come forward.' She added: 'No matter how unimportant your information may seem, what you share could be vital to finding the truth for the families. All information we receive will be treated in the strictest confidence.'
Fox News
3 days ago
- Politics
- Fox News
Democrats, media are trying to sweep Russia hoax ‘under the rug': Rep. Byron Donalds
Rep. Byron Donalds, R-Fla., discusses the declassified Trump-Russia documents and potential investigations into the Obama administration on 'Fox News Live.'
