I have a few more questions, and then we will call on other Senators to see if they have additional questions.

I mean, does it show, for instance, that there is greater care being taken?

Let us know what you find.

Do you think the ALJs know that?

We just simply should not have 20 or 25 percent of the cases that have, according to the Social Security Administration, errors or inadequacies in them.

Were you surprised by that figure, 22 percent?

It is fair to investigate and prosecute targeted organizations unacceptable.

Corruption was rampant at that bank. Did you believe it was rampant?

I was really angry to find there had been an audit report on these in the previous year, but that it had been closed off with no action.

It is important that line of communication be kept open, that people be able to appeal denials of their strong urgings after notifying their supervisor that they are going to do it.

A number of money laundering problems identified by the OCC in 2010 related to inadequate monitoring for suspicious activity.

As I understand the history here, when this was not working properly by the deadline of 180 days, rather than seeking an extension of the 180 days, the implementation plan was modified and then ended up in noncompliance with the consent…

Are the bank's deficiencies in how it is monitoring for suspicious activity a problem as far as the OCC is concerned?

That is really a step forward.

As Chairman Levin laid out in his statement, the Subcommittee's investigation into anti-money laundering and anti-terror finance efforts at HSBC has covered quite a bit of ground.

These were problems which were known for years. This is not something which was looking back.

Good. Might this have implications for the current rating at some banks, including HBUS?

Now, sharing information across international lines is not just an ancient problem at HSBC, it is still a current problem.

should the U.S. Government get the beneficial ownership information for U.S. corporations?

Now, another article of the consent order required that the bank retain one or more independent consultants to conduct an independent review of account and transaction activities.

accountability for previous failures and conduct that has already taken place is essential as a deterrent

Under your new rules now, you are going to be notifying each of the affiliates of this kind of action?

So as Exhibit 55 says so simply and eloquently and dramatically, your own people 'were being asked to `fudge' the nature of the payments to avoid the U.S. embargo and seizure.'

I mean, a lot of things are unacceptable. But on degrees of unacceptability, is this not kind of shocking?

It helps you achieve whatever illicit objective it is that you are trying to achieve, whether it is weapons proliferation, terrorist financing, or any of the other activities that are the subject of our sanctions.