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WASHINGTON – 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.
A year-long investigation by my Subcommittee staff has found that high risk foreign banks have been able to open accounts at U.S. banks, and some of these U.S. accounts have become conduits for criminal proceeds. When one bank opens an account for, and provides banking services to, another bank, it is called correspondent banking.
Aug 11, 2021 · Presiding as the ranking member of the Senate’s Permanent Subcommittee on Investigations, Levin pulled back a curtain on opaque financial maneuverings that remained invisible to the rest of us. He uncovered everything from corporate tax evasion to convoluted offshore schemes to Swiss banking secrecy.
Apr 14, 2011 · The 650-page report, “Wall Street and the Financial Crisis: Anatomy of a Financial Collapse,” was released Wednesday by the Senate Permanent Subcommittee on Investigations, whose co-chairmen...
Aug 11, 2021 · by Casey Michel. August 11, 2021. Chris Maddaloni/CQ Roll Call via AP Images. Levin at a Permanent Investigations Subcommittee hearing on tax havens in 2006. After the Cold War’s end, chatter about a supposed “end of history” rebounded across the West.
Jul 15, 2005 · Money Laundering And Riggs Bank Senate Subcommittee Report : Norm Coleman, Carl Levin : Free Download, Borrow, and Streaming : Internet Archive. by. Norm Coleman, Carl Levin. Publication date. 2005-07-15. Topics. Money laundering, Riggs Bank, Aequatorial Guinea, Corruption, Collection. opensource. Language. English. MONEY LAUNDERING. AND.
Portraits in Oversight: Senator Carl Levin. Carl Levin, who is the inspiration for the Levin Center for Oversight and Democracy, represented Michigan as a Democrat in the U.S. Senate from 1979 to 2015. During his 36-year tenure, he chaired the Subcommittee on Oversight of Government Management, the Permanent Subcommittee on Investigations, and ...
