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  3. Our sustainable approach to banking
  4. Combating financial crime
  5. International standards


International standards

We work within internationally agreed standards, most notably:

  • The UN Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (Vienna Convention 1988).
  • The Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime (Strasbourg Convention 1990).
  • The Basle Committee on Banking Regulations and Supervisory Practices (Statement of Principles on Prevention of Criminal Use of the Banking System for the Purpose of Money Laundering 1988).
  • The Financial Action Task Force and special recommendations on terrorist financing.
  • Organisation for Economic Co-operation and Development Convention on Combating Bribery
  • Organisation for Economic Co-operation and Development Guidelines for Multinationals
  • International Chamber of Commerce Rules of Conduct to Combat Extortion and Bribery

The Wolfsberg Group

In addition, HSBC is a founder member of the Wolfsberg Group and subscribes to the following guidelines:

  • Wolfsberg Anti-Money Laundering Principles for Private Banking.
  • Wolfsberg Anti-Money Laundering Principles for Correspondent Banking.
  • Wolfsberg Statement on the Suppression of the Funding of Terrorism.

In September 2003, we decided to further our long-standing environmental policy by adopting the Equator Principles, which cover project financing.

We are also members of Transparency International (UK), the anti-corruption pressure group.

Downloads

front cover of report2007 Sustainability Report
(39 page pdf 1,744K)

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