Module 6: Discussion – Compliance Failure

You have learned about the anti-money laundering failures at HSBC and many of the opportunities to reduce their risk prior to being assessed major fines and ensuring material costs of remediation and reputational damage. As you look back at their history of failures and failures since their original regulatory enforcement by the OCC and then the Department of Justice: What actions do you think they could have taken prior to prevent the degree of impact these failures had on their company? What actions could they have taken to reduce their compliance risk more broadly beyond anti-money laundering?