HSBC and HSBC are working to block the release of a report outlining how The US Government is improving its money laundering controls after it was fined $ hundreds of millions of dollars in 2012 . The US Government filed a brief with the The US Government suggesting 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 laundering controls after it was fined $1.92bn in 2012. The US Department of Justice filed a brief with the 2nd Circuit suggesting 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.