541. Standard Chartered, HSBC may have its banking license revoked (four more, ask for subscription)

Chen Hui looked at his HSBC bank account, which had made a total of $850 million, smiled, and then got up and went to the bathroom.

At this time, the bathroom door was closed, it should be Luo Baowen taking a bath inside, Chen Hui smiled evilly, and immediately walked in, ready to do business inside.

But after entering, he found that there was no one inside, Chen Hui couldn't help but be a little annoyed, and immediately took a quick shower, and then returned to the bedroom in a rage, and cleaned up the sleeping Luo Baowen.

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When Chen Hui woke up again, it was already noon the next day, he fell in love with Luo Baowen twice last night, and he was even more energetic today.

Luo Baowen continued to concentrate on her work, drinking coffee from time to time to refresh herself, and when she saw Chen Hui getting up, she immediately quietly glared at Chen Hui a few times.

Obviously, Chen Hui tortured her for a long time last night while she was asleep, making her feel a little haggard today. She was very dissatisfied with Chen Hui's behavior, but she was helpless.

After Chen Hui came out of the bathroom, he said to Luo Baowen, who was still working, "Were you tired last night?", and Chen Hui pinched her jaw after speaking.

Luo Baowen paused and said, "Not tired!", and then shook off her head, with a sullen face, today's inaugural speech, now she is not sleep-deprived, her spirit is a little haggard, and it is not the best state, which makes her a little nervous and worried. I am afraid that I will show my foreign appearance among the senior management of Standard Chartered Bank today.

"Haha" Chen Hui laughed, gently stroked Luo Baowen's hair, and said, "Okay, have lunch, take a good rest, and behave well in the afternoon!"

Luo Baowen was a little overwhelmed by Chen Hui's sudden gentleness, was stunned, and nodded lightly.

After the two had lunch slowly, Luo Baowen listened to Chen Hui's words and went to rest.

Chen Hui is slowly looking at his internal emails, replying to a few emails from his subordinates from time to time, and many of his subordinates report that the work is still good, which means that most of the recent work around the world is going well.

At this time, Chen Hui noticed the problem of Standard Chartered Bank's lawsuit in Singapore, and Standard Chartered Bank was fined US$3 million and launched an appeal, but it was ruthlessly dismissed, and Standard Chartered Bank may have its banking license revoked in Singapore.

HSBC and Bank of America have been warned and fined $4 million and are currently in litigation.

In Hong Kong and the UK, Temasek Holdings was fined US$3 million and US$2 million respectively.

DBS has lost almost all of its lawsuits around the world, with a fine of nearly $25 million.

Seeing this, Chen Hui couldn't help but laugh.

At this time, Chen Hui once again read a piece of heavy news, HSBC is involved in money laundering and may have its banking license revoked, and yesterday the Senate held a hearing in Japan and the United States to launch an investigation into HSBC's involvement in money laundering. Involving many people and many banks, HSBC's head of compliance suspected of money laundering has resigned. HSBC also issued a statement apologizing for the money laundering incident.

In its 335-page report, the investigative subcommittee said HSBC facilitated the entry of terrorists, drug cartels and other criminals into the U.S. financial system. The report notes that HSBC's regulations are too lax to prevent Mexican drug cartels from laundering billions of dollars in black money in the United States over the past seven years, and also helping customers transfer suspicious funds from countries such as Iran and Syria. In addition, HSBC in the United States does business with a number of Saudi Arabian or Bangladeshi banks linked to the al-Qaeda group.

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Chen Hui couldn't help but laugh when he saw this, HSBC was jointly targeted by other consortia and big banks in the United States this time.

Mr. Chen's Standard Chartered Bank had just settled with the U.S. judiciary in a lawsuit that cost hundreds of millions of dollars. Now HSBC has also been approached, obviously the big conglomerates in the United States, and the big banks have begun to plan against HSBC, Bank of America, and Standard Chartered Bank.

At this time, Chen Hui's encrypted phone rang, it was Henry from the United Kingdom, and after connecting. Chen Hui immediately said, "Hey, Henry, my friend, what's the important matter?

Henry said in a deep voice: "Chen, my friend, Singapore's sovereign wealth fund has not been idle recently, and has caused us a lot of trouble! Singapore's sovereign fund, together with some fox friends in the United States, wants to revoke our HSBC banking license in the United States! What a whimsical idea! I let them know how stupid it is to do this!"

Listening to Henry's cold tone on the phone, Chen Hui asked, "Henry, are you okay?"

HSBC had to issue a notice yesterday before the hearing to admit that it had failed to meet the expectations of regulators and customers in the past, and apologized for it.

HSBC said it should put in place a stricter and more effective internal anti-money laundering control system. HSBC emphasised that it has learned from its past mistakes and has adopted a new governance strategy last year to strengthen risk management, which it believes will preserve the integrity of HSBC's global financial system.

HSBC could now have its banking license revoked in the United States and face a possible $1 billion fine.

"I'm fine, these things they made only slightly affected my appetite, because when I was eating, I didn't like people to mention rat poop to me, these guys actually made so much rat poop in front of me!" Henry said, and then told Chen Hui the specific things.

As for money laundering, HSBC also admitted that it failed to meet regulatory standards and said that it would adopt stricter and more effective anti-money laundering methods.

The heaviest penalty may be the revocation of HSBC's banking license. HSBC currently has about 3,500 internal control personnel around the world, of which more than 1,000 are based in the United States. If the license is revoked, it will be a major blow to HSBC. HSBC also said that it will improve the situation as soon as possible and will fire all employees who have been involved in inadequate internal controls in the past.

HSBC also emphasised that it has learned from its past mistakes and has adopted a new governance strategy last year to strengthen risk management, which it believes will preserve the integrity of HSBC's global financial system.

Previously, HSBC's chief executive, Au Zhihua, had sent an email saying that the group has about 3,500 employees around the world who are responsible for internal control, of which more than 1,000 employees are based in the United States. HSBC's senior management recently said that in addition to trying to solve the problem of suspected assistance in money laundering, it will also fire all employees who have been involved in ineffective internal controls in the past.