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 supply controls after it was fined $ 5000 in 2012 . The US Department of Justice filed a brief with the 2nd Circuit arguing that public disclosure of the report would hinder the ability of independent monitors to supervise HSBC as bank employees would be less willing to cooperate .
The US government and HSBC are working to block the release of a report outlining how HSBC is improving its money supply controls after it was fined $ 5000 in 2012 . The US Department of Justice filed a brief with the 2nd Circuit arguing that public disclosure of the report would hinder the ability of independent monitors to supervise HSBC as bank employees would be less willing to cooperate .