DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-94,151

HSBC TECHNOLOGY & SERVICES, USA (HTSU)
FINANCIAL CRIME RISK DIVISION
A SUBSIDIARY OF HSBC NORTH AMERICA HOLDINGS INC.
BUFFALO, NEW YORK

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor herein
presents the results of an investigation regarding certification
of eligibility to apply for worker adjustment assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the workers
in such workers' firm have become totally or partially
separated, or are threatened to become totally or
partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of articles
or supply of services like or directly competitive with
those produced/supplied by the workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on September 21, 2018 by a state workforce official on
behalf of workers of HSBC Technology & Services, USA (HTSU),
Financial Crime Risk division, a subsidiary of HSBC North
America Holdings Inc., Buffalo, New York.
The workers are engaged in activities related to the supply
of financial services.
During the course of the investigation, information was
collected from the petitioner and the workers' firm.
Section 222(a)(1) has been met because a significant number
or proportion of the workers of HTSU have become totally or
partially separated, or are threatened to become totally or
partially separated.
Section 222(a)(2)(B) has been met because the workers' firm
has shifted to a foreign country the supply of services like or
directly competitive with the service supplied by the subject
workers which contributed importantly to subject worker group
separations at HTSU.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of HSBC Technology &
Services, USA (HTSU), Financial Crime Risk division, a
subsidiary of HSBC North America Holdings Inc., Buffalo, New
York, who are engaged in activities related to the supply of
financial services, meet the worker group certification criteria
under Section 222(a) of the Act, 19 U.S.C. § 2272(a). In
accordance with Section 223 of the Act, 19 U.S.C. § 2273, I make
the following certification:
"All workers of HSBC Technology & Services, USA (HTSU),
Financial Crime Risk division, a subsidiary of HSBC North
America Holdings Inc., Buffalo, New York, who became totally
or partially separated from employment on or after September
20, 2017 through two years from the date of certification,
and all workers in the group threatened with total or partial
separation from employment on the date of certification
through two years from the date of certification, are
eligible to apply for adjustment assistance under Chapter 2
of Title II of the Trade Act of 1974, as amended."
Signed in Washington, D.C. this 6th day of December 2018.

/s/Hope D. Kinglock
______________________________
HOPE D. KINGLOCK
Certifying Officer, Office of
Trade Adjustment Assistance