HSBC Private Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Lebanese criminal complaint in Switzerland
Lebanon filed a criminal complaint in Switzerland against HSBC and the Salameh brothers, seeking to expand the investigation into the alleged money-laundering activity and pursue compensation.
2024
Riad and Raja Salameh-related anti-money-laundering findings
FINMA found serious anti-money-laundering failures in HSBC Private Bank's handling of accounts associated with two politically exposed persons, widely understood to be Riad Salameh and his brother Raja. The regulator said nearly US$330 million from the Central Bank of Lebanon moved through an account held by Forry Associates despite internal compliance alerts. FINMA restricted the bank from onboarding new politically exposed persons pending a review of existing relationships and management responsibilities.