Punishment: Is It Working?
Listen now
Description
What happens when firms get financial crime compliance wrong? Ten years ago, the compliance world was rocked when the US authorities handed HSBC a $1.9 billion fine for “unacceptable failures” in its anti-money laundering procedures. These fines set a lot of activity into motion. But to what effect? Roger McCormick of Bayes Business School joins CFCS’s Isabella Chase to dive into the punishment playbook, exploring its impact, how its changed and where it might be heading. 
More Episodes
Host Kinga Redlowska, Head of CFS Europe, and Tom Keatinge, CFS Director, are joined by Stephanie Baker, Bloomberg investigative journalist and author of Punishing Putin. They delve into the impact of sanctions on Russia following its illegal invasion of Ukraine, exploring Russia’s evasion...
Published 11/01/24
Host Tom Keatinge sits down with CFS Associate Fellow Stephen Reimer and international lawyer Ishita Chakrabati to discuss how authoritarian regimes are abusing the Financial Action Task Force (FATF) standards. Drawing on insights from a two-year RUSI study, this episode analyses how the FATF...
Published 10/18/24