South African Reserve Bank sanctions HSBC for non-compliance

By Fiat Reporter
Oct 4, 2024

The South African Reserve Bank (SARB) has taken action against HSBC Bank Plc's Johannesburg Branch due to non-compliance with the Financial Intelligence Centre Act 38 of 2001. This decision follows an inspection conducted in 2021.

Central Banks

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South African Reserve Bank sanctions HSBC for non-compliance

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