Global Witness lead investigator, Anthea Lawson, tells members of the House Financial Services Committee, including Chairman Barney Frank, that a catalogue of failures in the design and enforcement of anti-money laundering laws has enabled banks to help politicians from some of the world's most corrupt regimes to use government money to fund lavish lifestyles, while their populations live in poverty.
Read the testimony and press release.
Watch the hearing.
The testimony is based on Global Witness' recent report, Undue Dilgence.