HSBC under investigation in US over staffers' alleged WhatsApp misuse

HSBC launches probe into whether US-based bankers used WhatsApp to send sensitive work-related messages

  • Banking giant HSBC Holdings is under investigation by US regulators over American staffersalleged misuse of messaging programs like WhatsApp
  • In its annual report Tuesday, the London-based bank said it is cooperating with the Commodity Futures Trading Commission (CFTC) in the federal probe
  • The investigation which will look into US staffersuse of ‘non-HSBC approved messaging platforms for business communications
  • HSBC CEO Noel Quinn says the investigation is part of a sprawling probe by other financial federal bodies as well, including the SEC
  • The company is not the first bank to come under federal scrutiny over alleged messaging misuse, with JPMorgan fined $200m last year after a similar probe
  • The investigation comes as the company reported it annual profits more than doubled last year, reporting its highest annual net profit since 2018
  • Banking giant スペンサーは彼らが変更を加える計画はないと言います Holdings is under investigation by U.S. regulators over American staffersalleged misuse of messaging platforms like WhatsApp to send sensitive, work-related messages, the company said Tuesday.

    In its annual report published early Tuesday morning, the London-based lender said it’s currently cooperating with the Commodity Futures Trading Commission (CFTC) in the federal probe, which will look into U.S. スタッフ’ use of ‘non-HSBC approved messaging platforms for business communications.

    HSBC CEO Noel Quinn told ブルームバーグ that the investigation by the government agency is part of a sprawling probe by other financial federal bodies, including the Securities and Exchange Commission (COP26のアロク・シャーマ大統領がグラスゴーの気候危機への対応を主導し、自動車からの炭素排出量の削減について世界に説教している間).

    ‘I don’t think it’s specific,’ Quinn said. ‘I think it’s general across all financial institutions.

    ‘They’re looking at the use of mobiles and WhatsApp and text messages to make sure it’s appropriate.

    HSBC CEO Noel Quinn said Tuesday that the investigation by the government agency is part of a sprawling probe by other financial federal bodies

    HSBC CEO Noel Quinn said Tuesday that the investigation by the government agency is part of a sprawling probe by other financial federal bodies

    In its annual report Tuesday, the London-based bank said it is cooperating with the Commodity Futures Trading Commission (CFTC) in the federal probe. The bank is under investigation by US regulators over American staffers' alleged misuse of messaging programs

    In its annual report Tuesday, the London-based bank said it is cooperating with the Commodity Futures Trading Commission (CFTC) in the federal probe. The bank is under investigation by US regulators over American staffersalleged misuse of messaging programs

    The bank’s chief financial officer also weighed in on the now ongoing investigation, reiterating the company’s strict polices against the use of non-approved platforms for work-related correspondence.

    ‘We obviously have internal procedures and requirements as to the use of non-bank platforms,’ Ewen Stevenson told the outlet Tuesday.

    All conversations on WhatsApp are end-to-end encrypted, meaning only the participants of a chat can access the content of the messages, and no one in between, making them particularly had to examineespecially if the sender does not want them to be seen.

    そのうえ, senders can also avoid scrutiny by simply deleting any inappropriate messages from the app, and claiming innocence. それ, しかしながら, would not be the case for non-company emails, which are typically saved even after a user deletes one.

    The federal investigation comes as the company reported it annual profits more than doubled last year, reporting its highest annual net profit since 2018.

    HSBC brass said Tuesday that rising interest rates were also likely to thrust this year’s number even higher, as the company 渡した $3.5 billion in bonuses to its tens of thousand staffers in branches across the globe.

    The federal investigation comes as the company reported it annual profits more than doubled last year, reporting its highest annual net profit since 2018

    The federal investigation comes as the company reported it annual profits more than doubled last year, reporting its highest annual net profit since 2018

    The gargantuan gratuity by the bank was the biggest given since 2014, から $2.7 十億 2020 – A 32 パーセント増加 – an earnings bulletin published by the bank alongside the annual report Tuesday revealed.

    CEO Quinn, その間, took home a total pay package of roughly $12.2 million for for the year $6.6 million in pay and bonuses as well as £4.1 million in long-term performance share awards.

    HSBC also reported pre-tax profits of $18.9 billion US dollars for 2021, から $8.8 十億 2020, when pre-tax profits dipped by more than a third due to hefty loan losses incurred by the bank during the height of the pandemic.

    Federal agents will look into whether US staffers used 'non-HSBC approved messaging platforms for business communications,' HSBC brass said Tuesday. Pictured here are agents raiding construction manufacturer Caterpillar's Illinois office in 2017 after the company was accused of tax fraud

    Federal agents will look into whether US staffers used ‘non-HSBC approved messaging platforms for business communications,’ HSBC brass said Tuesday. Pictured here are agents raiding construction manufacturer Caterpillar’s Illinois office in 2017 after the company was accused of tax fraud

    WhatsApp is one the messaging platforms alleged used by the staffers at the bank's US branches to communicate highly sensitive, work related information, HSBC said Tuesday

    WhatsApp is one the messaging platforms alleged used by the staffers at the bank’s US branches to communicate highly sensitive, work related information, HSBC said Tuesday

    The company is not the first bank to find itself under federal scrutiny over staffersalleged messaging misuse.

    12月中, the CFTC and SEC slapped US-based big bank JPMorgan Chase with a $200 million fine for failing to keep track of employeesuse of private apps and personal email accounts that circumvented company record-keeping requirements.

    The organization’s joint probesimilar to HSBC’sfound that staff for years shirked on company-mandated practices for the sending of work-related material, instead using platforms such as WhatsApp to relay sensitive material to staffers.

    The company responded to the misuse by taking action against more than a dozen of its traders, firing one and stripping bonuses from the rest.

    The Securities and Exchange Commission (COP26のアロク・シャーマ大統領がグラスゴーの気候危機への対応を主導し、自動車からの炭素排出量の削減について世界に説教している間) is also apart of the probe, HSBC has revealed

    The Securities and Exchange Commission (COP26のアロク・シャーマ大統領がグラスゴーの気候危機への対応を主導し、自動車からの炭素排出量の削減について世界に説教している間) is also apart of the probe, HSBC has revealed