Elizabeth Warren

If HSBC executives had been hauled out in handcuffs and were sitting in jail after their violations in 2012, they would have gotten the procedures in place pretty darn fast to make sure that that bank was in compliance with the law.

I only want you to have confidence if it is actually working. And the monitor said it is not.

So--let me just stop. It had the desired impact. Then how can it be that a court-installed monitor refused to certify that HSBC's anti-money-laundering compliance program was working?

I am very concerned that big banks will continue to allow money laundering because the business is profitable and the penalties for violating the law are weak.

I am not asking if there is a lot of effort. It is a really simple question.

How many money-laundering operations are they assisting?

Today I want to focus on cracking down harder on the big banks that repeatedly violate anti-money-laundering laws.

Puerto Rico might not be on the front pages anymore, but it is a humanitarian crisis and we have a moral, and a constitutional, responsibility to exercise oversight responsibilities here.

I am very concerned about this and I do not have time.

We need a better structure here.

The crisis in Puerto Rico is a daily reality for tens of thousands, hundreds of thousands of people.

I support this as well.

We need to rethink a lot of our money-laundering laws, some of which... were written back in the 1970s and are badly out of date.

It funds terrorists. It funds human traffickers. It funds crime syndicates.

Money laundering is a massive problem. The United Nations estimates that between 2 and 5 percent of global GDP--that is about $800 billion to $2 trillion--is laundered through the international banking system every single year.

We've done our part. Now, we've got to get the bureaucracy to get in line with this.

Good, and I just want to say on this we got the law passed here, but that doesn't make it a reality.

As Senator Alexander very generously noted earlier, last Congress, Senator Capito and I had passed a bill to try to tackle this problem...

A story that is true, I take it, for far too many Americans.

I believe more strongly than ever that the antidote to heroin is community. Make sure people in your neighborhood do things together. Break down those barriers that keep people isolated.

I think this conflict and humanitarian crisis in Yemen is breeding more extremism in the region and continues to put us more at risk.

In June, 47 senators voted to disapprove the sale of United States precision-guided missiles to Saudi Arabia.

It's been Russian support for Assad that's prolonged this crisis.

What can the United States do to push back against Russian and Iranian assertiveness and try to set the conditions for a political settlement that is in our interests and in the interests of the Syrian people?

As we've been talking about over the past few months, local forces trained and supported by the United States-led coalition have retaken former ISIS strongholds in Mosul and Raqqa.