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 own government's court...
So you would agree that those accounts are actually the epitome of high-risk accounts and should have been handled that way?
I believe you indicated there was an increase in staffing, and I wasn't sure exactly where that increase was.
Now, why did you close those accounts?
There was an agreement signed.
I believe so and I am very proud that our record on that matter has evolved to where we are today.
Knowing about that, would that trouble you to be involved in that kind of a transaction in any way?
And what this transaction shows is really the power of the PATRIOT Act.
Mr. Chairman, I want to amend my answer.