Erik Barnett has executive accountability for the detection and mitigation of financial crime for HSBC’s Europe region, which spans 21 markets. He is the Money Laundering Reporting Officer, approved by the FCA, for HSBC Bank plc and serves as Europe’s Regional Head of Financial Crime.
In addition to risk stewardship and oversight for all financial crime and sanctions compliance, Erik’s function has responsibility for investigation, transaction monitoring, intelligence & analytics, and financial crime technology implementation, among other areas. He is recognized within the bank as a subject matter expert in financial crime compliance and is a trusted advisor to the HSBC Bank plc Executive Committee.
Prior to his current role, Erik was HSBC’s Head of Financial Crime Threat Mitigation in Europe, heading up a new function of around 450 employees, with which he executed a model that created a unified investigative, intelligence, analytics, and anti-fraud function.
Before coming to HSBC, Erik worked in the U.S. Department of Homeland Security and was a prosecutor, working at the U.S. Department of Justice, in units investigating narcotics, white collar fraud, violent crime, human rights violations, as well as human smuggling and trafficking.
Erik also worked for five years in the U.S. Congress. From 2003-2011, Erik was an adjunct faculty member at the law schools of Georgetown University and The George Washington University, teaching legal writing and advocacy.
Europe Head of Financial Crime