(Photo: REUTERS/MIKE SEGAR)
A senior player in HSBC’s push to improve the way it polices transactions for criminal activity left the British bank late last month, creating a possible gap in leadership as it seeks to satisfy compliance demands from U.S. regulators and the U.S. Department of Justice.
Daniel Wager, a former Homeland Security official with prior experience helping another multinational bank improve compliance controls, left his post as regional head of anti-money laundering investigations last month to join a consulting venture. Thus far, a replacement has not been named, a source familiar with the matter said.
Wager was HSBC’s (HSBA.L) top U.S. anti-money laundering executive until early this year when he was replaced by Mary Squire, formerly head of sanctions and anti-money laundering at the Royal Bank of Scotland Group (RBS.L).
The original article can be found at uk.reuters.com