...After a decade of investigations, US authorities last September decided to move "as quickly as possible" to fine HSBC on money laundering charges that the Treasury Department concluded were the most "egregious" it had ever seen, according to newly released documents.
A series of emails and letters released to Public Citizen, a Washington-based advocacy group, paint a partial picture of the Treasury Department trying to catch up after a hard-hitting Senate report had blasted the British bank and a New York regulator had threatened to revoke the license of another British institution, Standard Chartered.
Bart Naylor, a policy advocate at Public Citizen, said the documents posed questions about why the Treasury Department wanted a quick resolution to the HSBC scandal. "Why all of a sudden do they want a resolution after 10 years of investigation? Was Treasury pre-empting more vigorous action by the Justice Department? These are questions that need to be answered," he said...
http://www.guardian.co.uk/business/2013/may/30/treasury-department-hsbc-standard-chartered
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