That is exactly what I am referring to, Senator.
I think you ought to ask them, where is that code of conduct in terms of the misuse of their accounts.
But you can't do that with real estate brokers or escrow agents?
So to make a change in that, Congress would have to make a change.
We have a bill which I have introduced with Senators Grassley and McCaskill, S. 569.
We are not going to let the laws of the Bahamas or anywhere else deny us information which we legitimately seek.
Do you know whether or not Mr. Obiang is being considered for placement on this list?
You folks are encouraging your client to move money offshore to avoid legal process in your home country.
I believe that we must work with this contingency in mind and plan to exit the country.
Could we have caught that sooner? Absolutely.
The laundering of funds derived from high-level corruption is a concern.
Is it HSBC's policy to facilitate, to help a client such as that client to move money offshore in order to avoid your ow...
So you would agree that those accounts are actually the epitome of high-risk accounts and should have been handled that ...
I believe you indicated there was an increase in staffing, and I wasn't sure exactly where that increase was.
Will you let the Subcommittee know the next time that FinCEN or the Treasury looks at the three areas that we talked abo...
If you are not going to supply that, you will have to let us know why, because that, then, is going to become an issue b...
I can't even think of any other country that does it, but maybe there are some beside Angola.
But there was an agreement reached which was then not implemented.
