March 07, 2013

Elizabeth Warren: Bust banks that launder drug money - Patrick Reis - POLITICO.com

Elizabeth Warren: Bust banks that launder drug money - Patrick Reis - POLITICO.com:


Elizabeth Warren on Thursday demanded answers from top banking regulators over the possibility of shuttering financial firms that flout federal anti-money laundering laws or violate international trade sanctions. Referencing the penalties leveled against HSBC after the company was caught being used to funnel billions in drug money, the Massachusetts Democrat questioned regulators about why they did not consider forcing the British bank to shut its doors on U.S. soil.


Read more: http://www.politico.com/story/2013/03/elizabeth-warren-bust-banks-that-launder-drug-money-88565.html#ixzz2MthHPAQX