GOP Senator not satisfied with information provided to Judiciary Committee about Lynch's hand in deal to take almost $2-billion in fines from HSBC, in lieu of more serious penalties against the bank and/or individual prosecutions against persons at HSBC
HSBC's alleged banking crimes were connected to money laundering for drug cartels and terrorist organizations
Senate Democrats are miffed and quickly play the race card
According to the report in Breitbart News, Republicans on the U.S. Senate Judiciary Committee have stalled the nomination of U.S. attorney Loretta Lynch to replace Eric Holder as President Barack Obama’s Attorney General; and member of the committee, Louisiana Senator David Vitter says it’s because of questions about Lynch's role in not bringing criminal charges in a white collar crime scandal involving HSBC bank (See "Vitter: Holdup on Holder Replacement Over HSBC Persecution" by Matthew Boyle, 2/12/15, Breitbart News [http://www.breitbart.com/big-government/2015/02/12/vitter-holdup-on-holder-replacement-loretta-lynch-over-hsbc-persecution/]). The article also noted that "Vitter, a hardline conservative, said in his statement on Thursday that this is very troubling and that members of the Senate Judiciary Committee, and the full Senate, need to know everything that happened with HSBC’s case and Lynch’s role in all of it before they can vote on her nomination."
According to Matthew Boyle's report for Breitbart, while serving as U.S. Attorney for the Eastern District of New York, Lynch had been quoted in 2012 as saying HSBC didn’t act on”numerous red flags and warnings about the money laundering risks.” Lynch also said that HSBC “routinely did business with entities on the U.S. sanctions list” adding that the bank engaged in “evading U.S. prohibitions on such transactions by disguising the source of the funds so the payments would go through.” In spite of all that, nobody went to prison or even faced a criminal trial in the money laundering case, due to Lynch’s and others’ efforts. HSBC got off by making a payment of a large fine to the government. It was also noted in the Breitbart article that a criminal conviction on the money laundering violations could have also resulted in a prohibition of HSBC's doing business in the United States.