or Login to see your representatives.

Access Candidates' and Representatives' Biographies, Voting Records, Interest Group Ratings, Issue Positions, Public Statements, and Campaign Finances

Simply enter your zip code above to get to all of your candidates and representatives, or enter a name. Then, just click on the person you are interested in, and you can navigate to the categories of information we track for them.

Public Statements

Levin Statement on HSBC Settlement

Press Release

By:
Date:
Location: Washington, DC

Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations, issued the following statement today on HSBC's announcement that it will pay $1.92 billion to settle claims related to its inadequate compliance with anti-money laundering and sanctions laws. In July, the subcommittee issued a report and held a hearing exposing how HSBC's lax money-laundering compliance led to illicit money flows involving rogue governments, drug cartels and terrorists.

"In an age of international terrorism, drug violence, and organized crime, stopping illicit money flows is a national security imperative. Global banks have global responsibilities to prevent participation in illicit or suspect transactions. The HSBC settlement sends a powerful wake-up call to multinational banks about the consequences of disregarding their anti-money laundering obligations. It also shows the value of congressional oversight in exposing wrongdoing and the ongoing need to hold banks accountable."


Source:
Back to top