HSBC

HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the world's fifth largest bank by total assets, with total assets of US$2.67 trillion. It was established in its present form in London in 1991 by the Hongkong and Shanghai Banking Corporation Limited to act as a new group holding company. The origins of the bank lie mainly in Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. The company was first formally incorporated in 1866. The company continues to see both the United Kingdom and Hong Kong as its "home markets".

HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and around 60 million customers. As of 2014, it was the world's sixth-largest public company, according to a composite measure by Forbes magazine.

Rugby sevens

Rugby sevens, also known as seven-a-side, Sevens or VIIs, is a variant of rugby union in which teams are made up of seven players, instead of the usual 15, with shorter matches. Rugby sevens is administered by World Rugby (WR), the body responsible for rugby union worldwide. The game originated in Melrose where the Melrose Sevens tournament is still played annually. The game is popular at all levels, with amateur and club tournaments generally held in the summer months. Sevens is one of the most well distributed forms of rugby, and is popular in parts of Africa, Asia, Europe, and the Americas, and especially in the South Pacific.

Notable international competitions include the HSBC World Rugby Sevens Series and the Rugby World Cup Sevens. Rugby sevens is also played at some multi-sport events such as the Commonwealth Games, taking place five times (1998: Kuala Lumpur, Malaysia; 2002: Manchester, England; 2006: Melbourne, Australia; 2010: Delhi, India; and 2014: Glasgow, Scotland). Until 2014 the gold medal had been won by New Zealand but in 2014 it was won by South Africa.

Money laundering

Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets. However, in a number of legal and regulatory systems, the term money laundering has become conflated with other forms of financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.

According to the United States Treasury Department:

Money obtained from certain crimes, such as extortion, insider trading, drug trafficking and illegal gambling is "dirty". It needs to be cleaned to appear to have been derived from legal activities so that banks and other financial institutions will deal with it without suspicion. Money can be laundered by many methods, which vary in complexity and sophistication.

PGA Tour

The PGA Tour (officially rendered in all capital letters, as PGA TOUR) is the organizer of the main professional golf tours played primarily by men in the United States and North America. It organizes most of the events on the flagship annual series of tournaments also known as the PGA Tour, as well as the Champions Tour (for golfers age 50 and older) and the Web.com Tour (for professional players who have not yet qualified to play in the PGA Tour), as well as PGA Tour Canada, PGA Tour Latinoamérica, and PGA Tour China. It is headquartered in Ponte Vedra Beach, Florida, a suburb of Jacksonville.

Originally established by the Professional Golfers' Association of America, it was spun off in December 1968 into a separate organization for tour players, as opposed to club professionals, the focal members of today's PGA of America. Originally the "Tournament Players Division," it adopted the name "PGA Tour" in 1975 and runs most of the week-to-week professional golf events on the tournament known as the PGA Tour, including The Players Championship, hosted at TPC Sawgrass, the FedEx Cup, with its finale at The Tour Championship at East Lake Golf Club, and the biennial Presidents Cup. The remaining events on the PGA Tour are run by different organizations, as are the U.S.-based LPGA Tour for women and the other men's and women's professional tours around the world.

WGC-HSBC Champions

The WGC-HSBC Champions is a professional golf tournament, held annually in China. Inaugurated in 2005, the first seven editions were played at the Sheshan Golf Club in Shanghai, then moved to the Mission Hills Golf Club in Shenzhen in for a single year in 2012. It returned to Sheshan Golf Club in 2013.

Since 2009, it has been a World Golf Championships event. Played in November, it is the fourth tournament on the WGC calendar along with the WGC-Accenture Match Play Championship, the WGC-Cadillac Championship, and the WGC-Bridgestone Invitational events, all in the United States. The field consists primarily of players who have won the top rated tournaments since the previous WGC-HSBC tournament, supplemented by other leading players in the world rankings and money lists of the major tours.

The WGC-HSBC Champions has the highest prize money in East Asia. Originally it was US$5 million, and grew to 7 million when it got WGC status and 8.5 million in 2013. Only the CIMB Classic and BMW Masters have had similar purses in the region.