|Patterns of Abuse: Are AML Compliance Failures at U.S. Banks a Political Will Issue?|
Global Financial Integrity Issues Statement in Advance of Thursday Morning’s Senate Banking Hearing on Anti-Money Laundering Compliance Failures
March 6, 2013
WASHINGTON, DC – In the wake of recent money laundering compliance failures at major U.S. and international banks, the U.S. Senate Committee on Banking, Housing, and Urban Affairs is currently scheduled to hold a hearing tomorrow, Thursday, March 7, 2013 entitled, “Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement.” Heather Lowe, Legal Counsel and Director of Government Affairs at Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization, issued the following statement in advance of the hearing:
Tomorrow’s hearing is scheduled to take place from 10:00 AM - 12:00 PM in room 538 of the Dirksen Senate Office Building in Washington, DC.
To schedule an interview with Ms. Lowe or other GFI spokespersons, contact Clark Gascoigne at email@example.com. On-camera spokespersons are available in Washington, DC.
Notes to Editors:
Global Financial Integrity (GFI) is a Washington, DC-based research and advocacy organization which promotes transparency in the international financial system as a means to global development.
For additional information please visit www.gfintegrity.org.