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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
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U.S. Treasury anti-laundering head to join HSBC -sources

Tue, 26th Apr 2016 23:14

By Brett Wolf

ST. LOUIS, April 26 (Reuters) - The U.S. TreasuryDepartment's top anti-money laundering official is resigning totake what sources said on Tuesday was a top post at HSBCHoldings Plc, which is struggling to meet terms of anearlier settlement with the U.S. government.

Jennifer Shasky Calvery announced she was resigning asdirector of Treasury's Financial Crimes Enforcement Network(FinCEN), which she has headed since 2012. She is a formerfederal prosecutor who had also led the Justice Department'santi-money laundering unit.

"I hope that we have enhanced the agency's solid foundationso that FinCEN can best perform its mission for years into thefuture," Shasky said in a press release.

The resignation is to be effective on May 27.

Her move to HSBC was confirmed by two sources familiar withher plans. Shasky declined comment through a FinCEN spokesman,and an HSBC spokesman declined comment.

Shasky will join HSBC in a senior global financial-crimefighting role, according to one source. It is not clear when shewill begin that work.

Her move to HSBC comes as the bank is working to demonstrateit has sufficiently bolstered its controls to prevent moneylaundering, as required by a 2012 pact with the JusticeDepartment.

Shasky left her role in the Justice Department'smoney-laundering enforcement unit just months prior to itsDecember 2012 deferred prosecution agreement with HSBC, afive-year deal requiring the bank to overhaul its anti-moneylaundering controls.

As part of the pact, part of a $1.9 billion globalsettlement with the U.S. government, HSBC admitted drug cartelshad pumped at least $800 million through the bank.

A monitor assigned to track the bank's progress "remainsunable to certify that the bank's compliance program isreasonably designed and implemented to detect and preventviolations of AML and sanctions laws," U.S. Attorney RobertCapers in Brooklyn, New York said in a letter filed with thefederal court there on April 1.

At FinCEN, Shasky led a personnel overhaul and brought on anumber of former federal prosecutors. She focused FinCEN's civilenforcement authorities on casinos, money transmitters, and thenew-generation "fintech" industry.

Her aggressive reshaping of FinCEN's enforcement unit in2014 drew scrutiny from the Office of Personnel Management andmembers of Congress. The bureau's hiring authority wastemporarily revoked by the Treasury, at least in part due torejections of pools of candidates made up of qualified veterans,Thomson Reuters reported. (Reporting by Brett Wolf of Thomson Reuters RegulatoryIntelligence; https://risk.thomsonreuters.com/products/thomson-reuters-regulatory-intelligence) Editing by Randall Mikkelsen and Cynthia Osterman)

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UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
North American Income Trust PLCdividend payment date
Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Begbies Traynor Group PLCdividend payment date
Ferguson PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
Thungela Resources Ltddividend payment date
Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
Domino's Pizza Group PLCdividend payment date
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F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
Grafton Group PLCdividend payment date
Gresham Technologies PLCex-dividend payment date
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Henderson International Income Trust PLCex-dividend payment date
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JPMorgan Global Core Real Assets Ltdex-dividend payment date
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LSL Property Services PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
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Macfarlane Group PLCex-dividend payment date
Marwyn Value Investors Ltdex-dividend payment date
Midwich Group PLCex-dividend payment date
Montanaro UK Smaller Cos Investments Trust PLCdividend payment date
Octopus Titan VCT PLCex-dividend payment date
One Media iP Group PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Reach PLCex-dividend payment date
Sherborne Investors Guernsey C Ltdex-dividend payment date
Sthree PLCex-dividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
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