ABSTRACT

U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History, Majority and Minority Staff Report, Permanent Subcommittee on Investigations, United States Senate   [open pdf - 2MB]

"This Report examines the anti-money laundering (AML) and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide U.S. dollars, U.S. dollar services, and access to the U.S. financial system to high risk affiliates, high risk correspondent banks, and high risk clients. This Report also offers recommendations to strengthen correspondent AML controls to combat money laundering, drug trafficking, and terrorist financing."

Publisher:
Date:
2012-07-17
Copyright:
Public Domain
Retrieved From:
U.S. Senate Committee on Homeland Security & Government Affairs: http://www.hsgac.senate.gov/
Media Type:
application/pdf
URL:
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