Bradley Bismark (pictured), who has almost two decades of experience in risk and financial crime analytics, has joined the Crown Dependencies team in the newly-created role of Head of Financial Crime Compliance.
Mr Bismark has already worked for HSBC in six countries, with this new role his third as a country Head of FCC.
The new role will see the certified anti-money laundering specialist take on responsibility for helping to safeguard and boost the bank’s ability to detect and deter financial crime and effectively protect customers.
Speaking about the new role, Mr Bismark said: “The global landscape in which banks exist has changed significantly in recent years, including in their obligations to comply with rafts of new regulation. Across the islands, we are committed to staying at the cutting-edge of international developments in this area, so that customers benefit from a robust, efficient and reliable banking service.”
“Whether it’s through laundering money generated from illegal narcotics or funding terrorist activity, financial criminals are constantly seeking to get past security systems and, where they are successful, society end up paying the price. Given their stature as international finance centres, the Channel Islands and Isle of Man do not escape the threat posed by criminals and fraudsters, and it is important for us to stay one step ahead. We are continuing to invest heavily in our efforts to fight financial crime and protect customers so that they can manage their money and do business with confidence,” he added.