HSBC and StanChart shares drop in Hong Kong after FinCEN files leak
HSBC shares in Hong Kong fall to lowest since May 1995
21 September 2020 - 06:44
Hong Kong — HSBC and Standard Chartered's Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
BuzzFeed and other media reports were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the US department of treasury's Financial Crimes Enforcement Network (FinCEN)...
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