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