Summary

This course examines the HSBC money laundering scandal involving Mexican drug cartels, which resulted in one of the largest penalties ever imposed on a financial institution. Participants will gain a detailed understanding of the compliance failures, red flags, and regulatory breaches that allowed criminal funds to flow through the global banking system, and will explore practical steps to enhance AML safeguards in their own institutions.

This course is one of several courses within the Certificate in AML Case Analysis. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand the details and impact of the HSBC money laundering scandal and the key factors that contributed to the compliance breakdown

• Identify red flags and risk indicators missed by HSBC that could indicate potential money laundering

• Recognise the regulatory obligations and compliance requirements that financial institutions must meet to prevent money laundering

• Apply lessons learned from the HSBC scandal to strengthen AML practices within your own institution

Course Structure

• Section 1: Overview of the HSBC Money Laundering Scandal

• Section 2: Regulatory Requirements and Compliance Obligations Impacting on the Case

• Section 3: Key Red Flags and Risk Indicators in the HSBC Scandal

• Section 4: Lessons Learned from the HSBC Scandal

• Section 5: Case Studies

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.