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Wednesday, April 7, 2010 as of 11:14 AM ET

Senate Permanent Subcommittee on Investigations

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The Permanent Subcommittee on Investigations (PSI) is the oldest subcommittee of the U.S. Senate Committee on Homeland Security and Governmental Affairs (formerly the Committee on Government Operations).

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Related Topics

  1. Goldman Sachs Fraud
  2. Mike Lee
  3. Greg Smith Resignation Letter
  4. Carl Levin
  5. Greg Smith
  6. Ron Johnson
Get updates on Senate Permanent Subcommittee on Investigations
HSBC Probed By US Regulators For Money-Laundering

LONDON -- HSBC Holdings PLC (HBC) confirmed Wednesday that it was under investigation by a U.

S. Senate panel in connection with money laundering.The U.K.-based global bank said the probe was one of a number of regulatory and compliance matters it was talking to U.S. regulators about as it had disclosed in a company filing Nov. 9 last year."We have ongoing discussions with officials (including the U.S. Senate Permanent Subcommittee on Investigations) on a number of issues," an HSBC spokesman told Dow Jones Newswires."The nature of these is confidential and in all cases we are co-operating," he said.The relevant part of the filing, which was disclosed in HSBC's interim management statement, is headed "Anti-Money Laundering, Bank Secrecy Act and Other Compliance Matters' and refers to investigations into the bank's bank-note business and dollar clearing services, its compliance with Office of Foreign Assets Control requirements, and adherence by certain customers to U.S. tax reporting req...

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