Under the Proceeds of Crime Act 1997 and the Proceeds of Crime (Money Laundering) Regulations 1998, HSBC is responsible for certain duties, including knowing our customers and understanding the purpose and intended nature of transactions.
Customers may be asked by staff for details of any transaction including (but not limited to):
- Source of funds (being deposited)
- Purpose for, and the final destination of any transactions requested
We appreciate your business and value your relationship with us. Thank you for your assistance with this matter.