HSBC says no to explosive, inflammable or liquid items, weapons, guns and stolen property

Cartoon Bomb

Fair enough.

HSBC is strengthening its oversight of its safe-deposit boxes in Hong Kong as the bank moves to bolster its defences against financial crimes.

Bloomberg News reports that the lender has introduced 'several clauses' to the conditions of lease for its safe-deposit lockers, HSBC said in an e-mailed statement Monday.

Customers were requested not to deposit any property which could become “a nuisance” or of an illegal or 'offensive nature', including explosive, inflammable or liquid items, illegal drugs, weapons, guns and stolen property.

The statement didn’t provide details on how the bank would police the new rules, or any penalties for box holders who broke them. The South China Morning Post reported the tighter oversight earlier on Monday, citing a letter sent by the bank to clients last month.

To access the complete Bloomberg News article hit the link below:

HSBC Tightens Hong Kong Safe-Deposit Box Rules to Boost Defenses

Understanding Europe's Economy in 100 Billion Google Searches

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts