ACAMS
CAMS · Question #107
What are two risks to institutions for violating anti-money laundering laws as demonstrated by the 2012 HSBC settlement with United States authorities? (Choose two.)
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AML/CFT Compliance Programs
Question
What are two risks to institutions for violating anti-money laundering laws as demonstrated by the 2012 HSBC settlement with United States authorities? (Choose two.)
Options
- AForfeiture of assets
- BCivil money penalties
- CLoss of bank charter/license
- DImprisonment of bank employees
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Topics
#HSBC settlement#AML enforcement#civil money penalties#asset forfeiture