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HSBC names new group financial crime compliance and MLRO head

British bank HSBC has appointed Robert (Bob) Werner as the new head of group financial crime compliance and group money laundering reporting officer (MLRO), following the separation of financial crime compliance from other areas.

Bob will report to Marc Moses, Group chief risk officer with continued accountability to Stuart Levey, chief legal officer in relation to the policy surrounding global standards and the conduct of certain internal investigations.

In his new job, Bob will be oversee development and implementation of HSBC’s global strategy, standards, systems and policies in areas including anti-money laundering, counter-terrorist financing, proliferation funding, anti-bribery and sanctions.

Additionally, he will also work with Security & Fraud Risk to set up a Global Financial Intelligence Unit to work with the business financial intelligence units, building the capacity to conduct sensitive in-house investigations into potential regulatory violations.

Bob joined HSBC in August 2012 as head of global standards assurance.

Prior to this, he worked as head of the US Treasury Department’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FINCEN).

More recently, he has served at senior levels at Goldman Sachs and Merrill Lynch in compliance enforcement and business intelligence division.