Political Quotes

“Mr. President, I would like to announce for the information of the Senate and the public that the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs has scheduled a hearing entitled, ``U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.'' The Subcommittee hearing will examine money laundering 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, using HSBC as a case study. Witnesses will include representatives from HSBC and the Office of the Comptroller of the Currency. A witness list will be available Friday, July 13, 2012. The Subcommittee hearing has been scheduled for Tuesday, July 17, 2012, at 9:30 a.m., in Room 106 of the Dirksen Senate Office Building. For further information, please contact Elise Bean of the Permanent Subcommittee on Investigations at (202) 224-9505. ____________________”