Which of the following ethics failures at HSBC is most likely an illegal activity regulated by governments? a. HSBC instructed Iranian bank how to conceal millions of dollars transactions b. HSBC cut the number of internal watchdogs to save money c. HSBC ranked Mexico in its "lowest risk" category for money laundering d. HSBC failed to identify suspicious activity

Respuesta :

Answer:

A

Explanation:

Money laundering is an illegal act of concealing the proceeds of an illegal act by passing it through a series of complex transaction in order to hide its criminal source. This is illegal as it helps criminals to actively benefit from crime.

The government is highly interested in this , and to curtail it , it introduced the money laundering acts.

The instruction to Iranian bank by HSBC on how to conceal millions of dollars transaction is a form of collusion and aiding money laundering which is also an illegal activity.

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