high-development and low-development (Martin & Verdier 2008). Organizations‚ like HSBC‚ who have recognized this‚ have invested resources to evolve their economic development over time. HSBC developed their organizational-driven growth model to successfully create a model for long-term sustainability‚ growth and profitability. The model is shown below: Figure: The HSBC organizational-growth model (Image source: Deans & Kroeger 2004) HSBC was founded by Thomas Sutherland in 1865 in Hong Kong and for many years
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The HSBC bank according to the market consensus website (2013) was ranked top amongst other banks in the UK‚ with global business operations spanning across 85 countries worldwide and a total of $2681 billion in assets. (HSBC‚ 2012). Over the years‚ the HSBC bank has deployed strategic information systems to help augment internal processes and increase customer satisfaction. YEAR TECHNOLOGY Strategic Implication/Impact 2003 Whirl/E-Champs Credit Card Authorization and Accounting platform One
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CHAPTER 1 INTRODUCTION 1.1 Introduction HSBC Holdings plc is a British multinational banking and financial services company headquartered in London‚ United Kingdom. It is the world’s second largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai‚ where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking
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CHAPTER ONE 1.0 BACKGROUND OF STUDY For most countries‚ money laundering and terrorist financing raise significant issues with regard to prevention‚ detection and prosecution. Sophisticated techniques used to launder money and finance terrorism add to the complexity of these issues. Such sophisticated techniques may involve different types of financial institutions; multiple financial transactions; the use of intermediaries‚ such as financial advisers‚ accountants‚ shell corporations and other
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the case of Shah v. HSBC (2012) and evaluate the implications of the decision for regulated financial services firms. In particular: * What are the key issues in the case? * Outline the decision of the court * Evaluate what practical guidelines can be taken from the case by regulated financial services firms Under the proceeds of crimes act 2002 (POCA) all UK financial institutions and other regulated firms not only have to report suspicions of money laundering but they must also
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In 1865‚ Hong Kong and Shanghai Banking Corporation (HSBC) was founded to meet the demand for local banking facilities in Hong Kong and on the China coast. The increasing and frequent trade was undertaken between Europe‚ India‚ and China‚ which contributes to the extension of the bank. HSBC now is one of the world’s largest banks with extensive international operations. Although the bank rapidly expanded across the globe‚ HSBC retained a clear focus on China market. In view of these changes of HSBC’s
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HSBC: The world’s local bank Written by James Gregory on February 03‚ 2009. HSBC’s print ads are easily identifiable – a solid red border‚ a repeated image‚ and a strong one-liner that embodies their brand. HSBC’s ad campaign utilizes several strong and effective tactics to gain attention. A majority of the ads involve a single image‚ copied three times‚ with a different value printed over each copy of the image. HSBC’s tagline gives the impression HSBC understands different people and locations
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International Conference on Machine Learning and Cybernetics‚ Hong Kong‚ 19-22 August 2007 A MONEY LAUNDERING RISK EVALUATION METHOD BASED ON DECISION TREE SU-NAN WANG1‚ 2‚ JIAN-GANG YANG1 1 College of Computer Science and Engineering‚ Zhejiang University‚ Hangzhou 310027‚ China 2 Shanghai Pudong Development Bank‚ Shanghai 200002‚ China E-MAIL: wangsn@spdb.com.cn‚ yangjg@cs.zju.edu.cn Abstract: Money laundering (ML) involves moving illicit funds‚ which may be linked to drug trafficking or organized
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FINANCIAL SERVICES UK Banks: Performance Benchmarking Report Full Year Results 2012 kpmg.co.uk/banking Basis of preparation This report summarises the 2012 full year results of Barclays‚ HSBC‚ Lloyds Banking Group (Lloyds)‚ Royal Bank of Scotland (RBS) and Standard Chartered1. Whilst progressively more information has been given in results announcements in recent years‚ not all statutory accounts or Pillar 3 reports have been published at the date of this report‚ and therefore analysis
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think the rules do not pertain to them anymore or they simply just do not care about the rules because if they do get in trouble they can easily get out of it because of their title or wealth. Common examples of elite deviance are international money laundering‚ drug related crimes‚ and rape. A main problem with Elite deviance is that many people are not willing to speak up if they do find out about the crimes being committed. Many women are not willing to take a stand and admit that they were raped
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