U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History


David Bagley, head of group compliance for HSBC Holdings Plc, from... Nieuwsfoto'sBankieren,Bestuursvoorzitter,Capitol Hill,Congres,Criminaliteit,De media,Detailhandel,Financiën,Gerechtigheid,Getuigenis,Globaal,HSBC,Horizontaal,Leiderschap,Noord- & Zuid-Amerika,Noord-Amerika,Overheid,Papiergeld,Politiek,Rijkdom,Senate Homeland Security and Governmental Affairs Committee,Terechtzitting,Terrorisme,Verenigde Staten,Vicepresident,Voormalig,Washington DC,WetPhotographer Collection: Bloomberg 2012 BloombergDavid Bagley, head of group compliance for HSBC Holdings Plc, from left, Paul Thurston, chief executive officer of retail banking and wealth management for HSBC, Michael Gallagher, former executive vice president and head of PCM North America for HSBC Bank USA, and Christopher Lok, former head of global banknotes for HSBC Bank USA, testify at a hearing of the U.S. Senate Homeland Security and Governmental Affairs Committee's Permanent Subcommittee on Investigations in Washington, D.C., U.S., on Tuesday, July 17, 2012. London-based HSBC enabled drug lords to launder money in Mexico, did business with firms linked to terrorism and concealed transactions that bypassed U.S. sanctions against Iran, Senate investigators said in a report. Photographer: Jonathan Ernst/Bloomberg via Getty Images