Public disclosure of the monitor's report, even in redacted form, would hinder the monitor's ability to supervise HSBC," the government's court filing said, adding that bank employees would be less likely to cooperate with the monitor if they knew their interactions could be released. The US Government and HSBC are working to block the release of a report outlining how HSBC is improving its money laundering controls after it was fined $1.92bn in 2012. In an email sent on Monday night, the Department for Business said that “while we understand your desire to see this information made public, we have no plans at present to do so.”
The US Government and HSBC are working to block the release of a report outlining how HSBC is improving its money laundering controls after it was fined $1.92bn in 2012. In an email sent on Monday night, the Department for Business said that “while we understand your desire to see this information made public, we have no plans at present to do so.”