Financial Transparency Coalition

OECD - During his visit to Tunisia, the Secretary-General of the Organisation of Economic Co-operation and Development (OECD), Angel Gurria, met with the Tunisian Prime Minister, as well as government ministers and the President of the National Constituent Assembly, in order to discuss the co-operation between Tunisia and the OECD.

WASHINGTON, DC – Global Financial Integrity applauded the Senate Permanent Subcommittee on Investigations today on this week’s hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.” The hearing painted a picture of a bank that chose profit over protection, failing to apply legally mandated anti-money laundering protections to many of its accounts.

LONDON / WASHINGTON DC - According to the chair of a U.S. Senate subcommittee, HSBC’s “pervasively polluted” culture allowed money launderers, drug dealers and suspected terrorists to move their money through the U.S. financial system. Today, the Permanent Subcommittee on Investigations (PSI) will hold a hearing exposing HSBC’s North American banking units alleged failure to curb financial crime, and the failure of banking regulators to address this.

WASHINGTON, DC – The FACT Coalition will host a joint press conference on Tuesday, July 17th following the Senate Permanent Subcommittee on Investigation’s hearing “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.”