HSBC compensates SMEs for frozen accounts
HSBC has reportedly started offering compensation to some UK SMEs whose accounts it froze in an attempt to ramp up its anti-money laundering efforts. Sources say hundreds of SMEs were affected by the issue.
HSBC has reportedly started offering compensation to some UK SMEs whose accounts it froze in an attempt to ramp up its anti-money laundering efforts. Sources say hundreds of SMEs were affected by the issue.