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2 Bank Employees Jailed for 10 Mths & 6 Mths After ICAC Charges Over Bribery to Help Intermediaries Open Bank Accounts
Two then bank employees, among five individuals charged by the Independent Commission Against Corruption (ICAC), were yesterday (14 April) sentenced to imprisonment of 10 months an...
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2 Bank Employees Jailed for 10 Mths & 6 Mths After ICAC Charges Over Bribery to Help Intermediaries Open Bank Accounts
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Two then bank employees, among five individuals charged by the Independent Commission Against Corruption (ICAC), were yesterday (14 April) sentenced to imprisonment of 10 months and six months at the Eastern Magistrates' Courts for conspiring to accept bribes to assist clients referred by intermediaries in opening bank accounts.

In sentencing, Principal Magistrate David Cheung remarked that bank staff must undergo anti-money laundering training. The account-opening activities of the two defendants did not merely affect HSBC; their handling of potential clients impacted the entire banking sector.

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Should bank staff encounter suspected money laundering cases, they are required to immediately report them to the relevant authorities. However, the two individuals engaged in corrupt conduct breaching the trust placed in them.

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