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.
HSBC Bank Bermuda Limited, of 6 Front Street, Hamilton Bermuda,
which is licensed to conduct Banking Business by the Bermuda
Monetary Authority. The Site is primarily intended for those who
access it from within Bermuda. Because of this, we cannot guarantee
that the Site or the information thereon complies with law or
regulation of other countries, or is appropriate for use, in other
places. You are wholly responsible for use of the Site by any
person using your computer and you must ensure that any such person
complies with these Terms. The information provided on this Site is
not intended for distribution to, or use by, any person in any
jurisdiction where such distribution or use would be contrary to
law or regulation. This Site should not be considered as
communicating any invitation or inducement to engage in banking of
investment activity or any offer to buy or sell any securities or
other instruments outside Bermuda.