The U.K.’s financial services regulator on Friday fined HSBC Bank £63,946,800 (U.S. $84.3 million) for failings in its anti-money laundering (AML) processes over an eight-year period.

HSBC was found to have “serious” and “unacceptable” weaknesses in its automated monitoring systems from March 31, 2010, to March 31, 2018.

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Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...