Berg Quoted on Money Laundering Settlement

Special Counsel Eric Berg was quoted in a Wall Street Journal article, “The Morning Risk Report: HSBC’s Compliance Report Draws Scrutiny,” on January 25, 2016. The article discussed a request to release findings from HSBC Holdings’ compliance report monitoring, the result of HSBC’s $1.9 billion money laundering settlement with the U.S. in 2012. Berg was quoted saying, “Arguably just as important, however, would be the precedential value of the disclosure itself; by releasing the contents of the report, you throw into question the ability of the government to keep this type of information sealed in future investigations and/or prosecutions.”