LONDON (Reuters) – Britain’s financial regulator said on Friday that it had fined HSBC 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes.
The Financial Conduct Authority said it had found that three key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years from 31 March 2010 to 31 March 2018.
($1 = 0.7509 pounds)
(Reporting by Rachel Armstrong; editing by Jason Neely)
