Money Laundering

Browse Documents
by Date or Issue:
  • On House Floor, Waters Warns that Iran Reporting Bill Could Destabilize Nuclear Deal
    Posted in Press Releases on September 21, 2016 | Preview rr
    Tags: Money Laundering, House Floor, International, Speeches and Committee Statements

    Delivering remarks on the House floor in opposition to H.R. 5461 today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, denounced the “Iranian Leadership Asset Transparency Act” as an attempt to threaten the viability of the Iran nuclear deal. In her remarks, Waters noted that this bill is the “latest in a series of Republican efforts aimed at undermining the landmark nuclear agreement reached last year by Iran and the world’s six major powers.” For exa... Read more

  • Waters Moves to Sharpen Bank Vigilance in Response to Recent Attacks in California and Abroad
    Posted in Press Releases on December 11, 2015 | Preview rr
    Tags: Money Laundering

    In response to recent violent attacks in San Bernardino, CA and abroad, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, has re-introduced legislation to heighten accountability on financial institutions to improve anti-money laundering and counter-terrorism safeguards. By holding bank executives personally liable and increasing penalties for willful and negligent violations of the Bank Secrecy Act, the measure would encourage banks to take appropriate s... Read more

  • Financial Services Democrats Challenge GOP Views on Inequality Issues
    Posted in Press Releases on February 13, 2015 | Preview rr
    Tags: Full Committee, Export-Import Bank, CFPB, SEC, Money Laundering, HUD, Markup, Budget, Wealth Gap

    Over the course of a two-day markup of Republican fiscal year 2016 budgetary priorities in the financial services sector, Financial Services Committee Democrats fought back against a Republican effort to eliminate taxpayer protections and undermine the social safety net. Led by Ranking Member Maxine Waters (D-CA), Democrats fiercely opposed rampant mischaracterizations of critical federal agencies and initiatives, including the Consumer Financial Protection Bureau, Section 8 public housing progr... Read more

  • Waters Expresses “Outrage” at HSBC Swiss Bank Violations
    Posted in Press Releases on February 9, 2015 | Preview rr
    Tags: Money Laundering

    In response to recent revelations that HSBC, the second largest commercial bank in the world, committed numerous violations of U.S. and international tax and finance laws, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, expressed her concern at the continued lack of accountability for the individuals associated with providing financial services for some of the world’s worst criminals and tax evaders. Waters, a fierce advocate for Wall Street accountability... Read more

  • Waters Statement on Terrorist Financing and the Islamic State
    Posted in Press Releases on November 13, 2014 | Preview rr
    Tags: Full Committee, Money Laundering, Speeches and Committee Statements

    At today’s Financial Services Committee Hearing focused on Terrorist Financing and the Islamic State, Ranking Members Maxine Waters (D-CA) discussed the seriousness of the threat from ISIL and the challenges to curtailing its current, largely internal funding stream. However, the Ranking Member also underscored importance of strengthening our counter-terrorism and anti-money laundering laws, particularly as ISIL’s internal sources of funding dry up. Waters also alluded her proposal to strengthen... Read more

  • Leading House Democrats Iintroduce Bills To Deter Money Laundering and Hold Executives Responsible
    Posted in Press Releases on October 24, 2013 | Preview rr
    Tags: Money Laundering

    In the wake of massive money laundering scandals at U.S. banks that allowed terrorist, drug and other illicit money to flow through the economy, two leading Democratic lawmakers introduced two measures to crack down on misconduct and help clean up the system. Rep. Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Rep. Carolyn Maloney (D-NY), the ranking member on the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, each ... Read more

  • Waters, Maloney Bills Crack Down On Money Laundering
    Posted in In Case You Missed It on October 24, 2013 | Preview rr
    Tags: Money Laundering

    WASHINGTON — Senior House Democrats introduced legislation Thursday designed to give regulators additional authority to go after bank executives at institutions involved in money laundering scandals. The two bills, by Reps. Maxine Waters, D-Calif., the top Democrat on the House Financial Services Committee, and Carolyn Maloney, D-N.Y., come on the heels of HSBC's landmark $1.9 billion settlement with regulators last December, over claims that the bank looked the other way as Mexican drug cartels... Read more

  • New Anti-Money Laundering Bill Targets Bank Executives
    Posted in In Case You Missed It on October 23, 2013 | Preview rr
    Tags: Money Laundering

    A House Democrat plans to introduce a bill Wednesday that would toughen anti-money laundering laws by placing an emphasis on penalties for executives and giving a Treasury Department bureau greater enforcement powers. The “Holding Individuals Accountable and Deterring Money Laundering Act” highlights some lawmakers’ dissatisfaction with recent money-laundering penalties and provides a new roadmap for strengthening enforcement. The legislation will be introduced by Maxine Waters (D., Calif.), the... Read more

  • US Congress Moves to Tighten Money Laundering Laws
    Posted in In Case You Missed It on October 23, 2013 | Preview rr
    Tags: Money Laundering

    Efforts to fight money laundering and empty shell companies would be strengthened by two bills introduced in the US Congress on Wednesday, by giving federal regulators enhanced powers to hold bank executives personally responsible for misdeeds. The move in the US House of Representatives comes after banks had to pay at least $5bn in fines and settlements to resolve allegations of laundering money for drug cartels, Iranian clients and the Cuban government. However, no bank executives have been in... Read more

  • Waters Statement on Government Shutdown
    Posted in Press Releases on October 1, 2013 | Preview rr
    Tags: CFTC, Money Laundering, Department of the Treasury, Budget

    Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released the following statement on the Republican-imposed government shutdown. “The irresponsibility of the Republican Party cannot be overstated. As we slowly emerge from the worst economic crisis in over 70 years, I am saddened that ideological extremism has led to another self-inflicted wound that could have dire consequences for our fragile recovery. Even a short shutdown threatens job creation, harms small ... Read more

  • Waters Calls for Aggressive Prosecution of Financial Institutions Involved in Drug Money Laundering
    Posted in Press Releases on May 23, 2013 | Preview rr
    Tags: Money Laundering, Subcommittee on Oversight & Investigations, Department of Justice

    Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, lit up a committee hearing Wednesday by calling for aggressive prosecution of financial institutions involved in the laundering of illegal drug money. The hearing, held by the Oversight and Investigations Subcommittee of the House Committee on Financial Services, focused on the question of whether large financial institutions are immune from federal prosecution. Mythili Raman, Acting Assistant Attorney General... Read more

  • Ranking Member Waters Commends Enforcement Actions by DOJ Encourages Further Steps
    Posted in Press Releases on February 7, 2013 | Preview rr
    Tags: CFTC, Money Laundering, Department of Justice

    Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released a letter to Attorney General Eric Holder commending recent work by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and banking regulators in investigating and prosecuting wrongdoing related to LIBOR manipulation, money laundering and violations of the Bank Secrecy Act. Ranking Member Waters has been outspoken about the need for increased enforcement activity and... Read more



Subscribe for Updates

Twitter Feed