The Massive Upside of ID8, page-23

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justchilln5

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06/01/22

08:56

Post #: 58671593
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Originally posted by Few Pennies: ↑

In my opinion it just a matter of time and I expect we will see more banks onboarding to take the advantage that ID8 offers
Meanwhile the fines continue....

HSBC fined GBP 64 mln for AML failings
Tuesday 21 December 2021 11:18 CET |News

HSBChas been fined GBP 63.9 million by the UK's financial regulator for ‘unacceptable failings’ of its anti-money laundering systems, according to theBBC.
The Financial Conduct Authority (FCA) said weaknesses in HSBC's financial crime safeguards had been highlighted several times before action was taken. The bank has not disputed the findings and agreed to settle, resulting in its fine being cut from GBP 91 million.
HSBC's failings cover a period of eight years, from 2010 to 2018, the FCA said. The regulator said there was inadequate monitoring of money laundering and terrorist financing scenarios until 2014, and poor risk assessment of ‘new scenarios’ after 2016. The bank was found to have had inappropriate testing and did not check the accuracy and completeness of data.

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HSBC has 4000 branches worldwide!
imagine the revenue we would make from them alone if they rolled our tech out to all of them……
they are already using us in Australia, India and Indonesia

Last edited by justchilln5: 06/01/22

ID8 Price at posting: 11.8¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

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