HSBC has asked its employees to stop posting through all of the bank's social media accounts, except for responding to customers about banking services.
According to Arabiya Net, this measure was taken to avoid negative reactions after the leaks involved in suspicious financial activities according to FinCen files.
Head of Marketing for the Bank's Global Commercial and Investment Banking Services Sector Tricia Weiner said that the bank will refrain from posting on social media accounts until eleven o'clock in the morning on Tuesday local time The United Kingdom, according to Bloomberg News.
It is noteworthy that HSBC is one of the banks suspected of transferring money worth two trillion dollars between 1999 and 2017 for the benefit of persons or international institutions involved either Money laundering or criminal activities.
Moreover, Buzzfeed and other media outlets said, citing confidential documents provided by banks to the US government, that several international banks transferred huge sums of money that may be illegal over the course of About 20 years ago, despite warnings about the assets of this money.
> The reports were based on leaked documents on suspicious activities that banks and other financial companies brought to the Treasury Department's financial crime network.
press reports stated that these documents numbered more than 2,100. Buzzfeed obtained them and shared them with the International Federation of Investigative Journalists and other media organizations.
The Etihad said that the reports contain information on transactions valued at more than $ 2 trillion from 2009 to 2017 that the compliance departments of financial institutions have warned that they are suspicious. The reports are not necessarily evidence of wrongdoing, and the union said that the leaked documents are only a small percentage of the reports submitted to the Treasury unit.
and five international banks have appeared in the documents in abundance, namely HSBC, JP Morgan Chase, Deutsche Bank, Standard Chartered and Bank of New York Mellon, according to the union.
The STRs provided important information as part of global efforts to combat money laundering and other crimes. Media reports published on Sunday painted a picture of an under-resourced and overburdened mechanism that allowed huge sums of illicit money to move through the banking system.
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