The US Senate Permanent Committee on Investigations has released a 335 page report which states that HSBC has been used by Mexican drug cartels looking to get cash back into the US by Saudi Arabian banks that needed access to dollars despite their terrorist ties and by Iranians who wanted to circumvent US sanctions. The report further states that executives at HSBC and regulators at the Office of the Comptroller of the Currency ignored warning signs and failed to stop the illegal behavior at many points between 2001 and 2010.