HSBC's transaction control systems have not been effective for an extended period, although the problem has been highlighted on numerous occasions. Financial Conduct Authority (FCA) has announced that it has fined HSBC 63.95 million pounds, or 75 million euros, for failures in its anti-money laundering processes.

The UK financial regulator found three key elements of HSBC's transaction monitoring systems to have material deficiencies over an eight-year period from 31 March 2010 to 31 March 2018. These are money laundering scenario monitoring. money and terrorist financing until 2014, the risk assessment of "new scenarios" after 2016 and tests that did not verify the accuracy and completeness of data in monitoring systems.