U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History

Permanent Subcommittee on Investigations

Location: Room 106, Dirksen Senate Office Building

 

Agenda

The Permanent Subcommittee on Investigations has scheduled a hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History,” on Tuesday, July 17, 2012, at 9:30 a.m., in Room 106 of the Dirksen Senate Office Building.

The Subcommittee plans to hold a hearing on the money laundering and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide U.S. dollars, U.S. dollar services, and access to the U.S. financial system to high risk affiliates, high risk correspondent banks, and high risk clients, using HSBC as a case study.

Witnesses

PANEL 1

  • THE HONORABLE DAVID S. COHEN

    Under Secretary for Terrorism and Financial Intelligence
    U.S. Department of the Treasury
    Washington, DC
  • MR. LEIGH H. WINCHELL

    Assistant Director, Investigative Programs
    U.S. Immigration & Customs Enforcement, U.S. Department of Homeland Security
    Washington, DC

PANEL 2

  • MR. DAVID BAGLEY

    Head of Group Compliance
    HSBC Holdings plc
    London, England
  • MR. PAUL THURSTON

    Chief Executive, Retail Banking and Wealth Management
    HSBC Holdings plc
    Hong Kong
  • MR. MICHAEL GALLAGHER

    Former Executive Vice President, Head of PCM North America
    HSBC Bank USA, N.A.
    New York, NY
  • MR. CHRISTOPHER LOK

    Former Head of Global Banknotes
    HSBC Bank USA, N.A.
    New York, NY

PANEL 3

  • MS. IRENE DORNER

    President and Chief Executive Officer
    HSBC Bank USA, N.A. and HSBC North America Holdings, Inc.
    New York, NY
  • MR. STUART A. LEVEY

    Chief Legal Officer
    HSBC Holdings plc
    London, England

PANEL 4

  • THE HONORABLE THOMAS J. CURRY

    Comptroller of the Currency
    U. S. Department of the Treasury
    Washington, DC
  • MS. GRACE E. DAILEY

    Former Deputy Comptroller for Large Bank Supervision
    Office of the Comptroller of the Currency
    Washington, DC
  • MR. DANIEL P. STIPANO

    Deputy Chief Counsel
    Office of the Comptroller of the Currency
    Washington, DC

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