Summary

The HSBC money laundering scandal is one of the most significant and high-profile cases of corporate misconduct and AML failures involving a major global bank. HSBC was accused of allowing drug cartels and other criminal organisations to launder billions of dollars through its accounts. The bank also failed to adequately monitor transactions involving terrorist financing and sanctions violations.

The findings of the regulatory investigations are examined in the course together with the impact of the case in terms of reputational damage, significant fines and the imposition of a Deferred Prosecution Agreement (DPA). The Governance and AML compliance failures are highlighted in the course, together with the impact the case had on peer organisations and the changes made to AML industry best practice.

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

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Understand the events leading to HSBC’s AML scandal and governance failures

• Identify regulatory expectations for AML compliance and risk management

• Recognise the board’s role in financial crime prevention and compliance oversight

• Analyse the consequences of weak AML controls and ineffective compliance frameworks

• Learn best practices for corporate governance and ethical decision-making in financial crime prevention

• Assess post-scandal regulatory reforms and their impact on financial institutions

• Develop effective strategies to mitigate AML risk and strengthen compliance structures

Course Structure

• Section 1: Introduction to the HSBC AML Scandal

• Section 2: Governance and AML Compliance Failures

• Section 3: Case Study Aspects - HSBC Analysis

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.