The move comes just months after HSBC froze an account connected to an alleged $500m fraud by the son of Angola’s former president, a development the bank says is a sign its tougher compliance systems are working.  Jennifer Calvery, the bank’s global head of financial crime threat mitigation, said in a recent video on Quantexa’s website that the bank believed in “harnessing technology and data . . . to get to a place in the future where we understand and can see criminal behaviour in as near real time as possible”.

https://www.ft.com/content/b9d7daa6-3983-11e8-8b98-2f31af407cc8