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.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
I only want you to have confidence if it is actually working. And the monitor said it is not.
I am not asking if there is a lot of effort. It is a really simple question.
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.
Today I want to focus on cracking down harder on the big banks that repeatedly violate anti-money-laundering laws.
if we want to stop money laundering, these giant banks really need to feel the penalties.
I rise today to discuss the Trump administration's recent proposal to expand offshore drilling to more than 90 percent of U.S. waters. This handout to Big Oil executives puts short-term corporate profits ahead of the long-term health and…
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.
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 were written back in the 1970s and are badly out of date.
We've done our part. Now, we've got to get the bureaucracy to get in line with this.





