The Research Of Penalties For Banks’ Violations By US Government’s

With the rapid development of the world economy,China has also accelerated the pace of financial liberalization,and has become closer and closer to the world economy.This has promoted China’s economic development,but it should be noted that financial crimes have also become more frequent.Financial crimes include money laundering.The definition of money laundering is to use the financial institutions as the medium to cover the gains obtained from illegal crimes through transfer,concealment,conversion and other means to cover up the illegal behavior of its illegal funds.Money laundering involves helping criminals such as drug dealers,terrorists to transfer funds and financing,which seriously endangers the security and stability of society and the stability of China’s financial system.This article selects the HSBC money laundering case for case analysis.The case involves HSBC’s US,Mexico,Europe,and the Middle East branches.The period from 2003 to 2012 was nearly 10 years.The case lasted a long time and had a great impact.The case was highly representative.Inquired about the regulatory letters issued by the US regulators to HSBC and the documents published by HSBC to obtain the behavioral information of HSBC,which can better analyze the case.China has less research literature on anti-money laundering,and the construction of anti-money laundering supervision is relatively weak.It is hoped that through the analysis and study of the HSBC bank money laundering case,we will make corresponding suggestions in the field of anti-money laundering supervision in China.This article analyzes the final punishment results from the facts of the case,the illegal process,and the punishment results,and combines the anti-money laundering regulatory agencies,laws,and procedures in the United States.It is concluded that the reasons for HSBC’s money laundering are: first,in order to expand its business and obtain profits,it chose to ignore the risk of money laundering,and even the compliance department conceded to the business department;second,HSBC’s internal control mechanism There are deficiencies,the entire group cannot unify the anti-money laundering standards of each HSBC branch,and the compliance department does not have a substantial power of negation when violations occur;third,the Monetary Authority is the main anti-money laundering branch of HSBC’s US branch The supervisory authority has not fulfilled its supervisory duties,and there are many mistakes in the entire case.Finally,the article puts forward corresponding suggestions from the aspects of information acquisition of antimoney laundering supervision,information analysis and processing,and supervision of bank compliance departments.