07/16/2018
https://www.congress.gov...
"Money launderers are looking for the weakest link, whether it is HSBC or BB&T or Lone Star National Bank."
"With all the tough comprehensive protections we have in place over the years, especially since 9/11, huge amounts of laundered funds continue to course through our financial system."
"Community and regional banks play a critical role alongside our biggest banks in monitoring transactions across the country."
"That is why it is critical we consider ways to update and strengthen our anti-money laundering regime, including requiring the kind of tough new beneficial ownership rules we should have imposed years..."