In response to the severe money laundering penalties placed on HSBC in 2012, the bank has reportedly been reshaping its businesses worldwide to conform to US anti-money laundering (AML) standards.

But according to an article in the Wall Street Journal (WSJ), despite HSBC’s significant efforts to improve its AML programme, an independent US monitor will soon release a report assessing and criticising the British bank’s attempts to meet US compliance standards....Log into your ATFCP account to access content at Association of Trade Finance Compliance Professionals.