The lender’s Swiss unit is under formal investigation over whether it helped Lebanese central bank boss’s alleged scheme.
French prosecutors this month confirmed they had brought preliminary charges against HSBC’s Swiss Private Bank over allegations it helped Riad Salameh embezzle funds.
Keystone / Martial Trezzini
In February 2013 a compliance officer at HSBC raised concerns with the bank’s financial crimes investigation team about funds flowing through an account held within its private bank in Switzerland.
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