A US Senate report is accusing British bank HSBC of a “pervasively polluted” culture, allowing clients to launder money through the United States from Mexico, Syria, and Iran, among other places.

The report, the result of a year-long investigation by the Senate Permanent Subcommittee on Investigations into the bank’s activities, is being discussed today in a hearing on Capitol Hill.

Financial Times reporter Shahien Nasiripour has been following events at the hearing.