criminally prosecute the executives of HSBC bank for laundering money for international drug cartels and terrorist.

In December of 2012, the US DOJ announced a record $1.92 billion settlement with British banking giant HSBC for violating federal laws by laundering money from Mexican drug traffickers and processing banned transactions on behalf of Iran, Libya, Sudan and Burma. Despite the fact that this is a “record” settlement, it only amounts to between 9 and 11% of HBSC’s profits last year alone (four weeks of earnings). More importantly, however, the individuals responsible for these actions are not being held accountable. The DOJ has not prosecuted a single employee of HSBC, not one executive, not one director, not one AML compliance staff member, no one! It is time for banking executives to be held accountable for their actions, starting with the executives of HSBC.