HSBC Whistleblower on 'Too Big to Jail' (InfoRiskToday)

Cybercrime , Fraud Management & Cybercrime

Everett Stern Reflects on Fallout From Money Laundering Case Tom Field (SecurityEditor) • July 8, 2019    
Everett Stern, CEO and intelligence director, Tactical Rabbit

HSBC paid a record $1.92 billion fine for money laundering violations in 2012. But no one ever went to jail for the crimes. Whistleblower Everett Stern discusses lessons learned from the case and the concept of "too big to jail."

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In a video interview at Information Security Media Group's recent Fraud and Breach Summit in Seattle, Stern discusses:

Why he believes the HSBC violations went unnoticed for so long;

What - if anything - he would do differently, knowing what he knows today;

Advice to young AML professionals entering the field today.

Stern is CEO and intelligence director of Tactical Rabbit, a private intelligence agency that provides clients with actionable business intelligence. He made international headlines as a government whistle-blower who helped uncover one of the largest banking scandals of all time. He has been featured in dozens of news articles and broadcasts and appeared in a Netflix documentary, "Dirty Money" on Wall Street and corporate greed.

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