- The Washington Times - Wednesday, December 12, 2012

ANALYSIS/OPINION:

I’m absolutely livid that HSBC, a major bank that has thousands of branches in the United States, has been found in violation of the Bank Secrecy Act and the Trading with the Enemy Act, and is facing a $1.9 billion fine (“HSBC to pay $1.9B to settle money-laundering case,” Web, Tuesday).

How un-American is it to allow money laundering from terrorist-sponsoring dictatorships and drug cartels? As I see it, this record-setting fine is far from sufficient. A stern message needs to be sent to these financial institutions that care only about their bottom lines and to heck with national security.

EUGENE R. DUNN

Medford, N.Y.

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