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


Christopher Lok, former head of global banknotes for HSBC Bank USA,... News PhotoBanking,Banknote,Capitol Hill,Chief Executive Officer,Congress,Court Hearing,Crime,Finance,Former,Global,Government,HSBC,Horizontal,Justice - Concept,Law,Leadership,North America,Politics,Retail,Senate Homeland Security and Governmental Affairs Committee,Terrorism,Testimony,The Americas,The Media,USA,Vice President,Washington DC,WealthPhotographer Collection: Bloomberg 2012 BloombergChristopher Lok, former head of global banknotes for HSBC Bank USA, from left, Michael Gallagher, former executive vice president and head of PCM North America for HSBC Bank USA, Paul Thurston, chief executive officer of retail banking and wealth management for HSBC Holdings Plc, and David Bagley, head of group compliance for HSBC Holdings Plc, 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