HSBC disables textual content features on employees telephones as regulators probe unauthorised communications

HSBC is disabling texts on its employees’s work telephones, following regulatory investigations into unauthorised enterprise communications.

That’s in accordance with Bloomberg Information, who stated financial institution workers will probably be unable to ship or obtain textual content messages on company-issued telephones, the report stated.

The ban comes after HSBC paid $45m (£55m) in fines to US regulators in Could over its failure to observe workers’ communications via unauthorised messaging companies resembling WhatsApp.

The brand new measures will reportedly apply throughout the agency, with HSBC already blocking employees from utilizing WhatsApp on work telephones.

A minority of employees is about to be exempt from the ban on telephones the place their exercise is archived.

“Banks use a variety of accredited channels to speak in compliance with regulatory obligations,” a spokesperson for the financial institution advised media.

“HSBC, like many different banks, critiques and adjusts performance on its company units as wanted.”

The financial institution is one in all a number of giants to crack down on unauthorised messaging this yr.

Morgan Stanley slapped some bankers with giant fines, which may go as excessive as $1m (£820,000), for utilizing WhatsApp to conduct enterprise, the Monetary Occasions reported in January.

The US Securities and Trade Fee has handed out $1.8bn (£1.5bn) in fines to 16 banks over non-public messaging, together with Goldman, Citi and Morgan Stanley, which paid $200m (£164m).

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HSBC disables textual content features on employees telephones as regulators probe unauthorised communications

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HSBC disables textual content features on employees telephones as regulators probe unauthorised communications

HSBC is disabling texts on its employees’s work telephones, following regulatory investigations into unauthorised enterprise communications.

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HSBC is disabling texts on its employees’s work telephones, following regulatory investigations into unauthorised enterprise communications.

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