A US Senate sub- committee has accused global banking giant HSBC bank of doing business with a Saudi Arabian Bank and two Banks in Bangladesh which are alleged to have had links with firms and organizations associated with terrorism. The report has accused HSBC executives and compliance officials of various lapses which include providing U.S. correspondent accounts to high risk HSBC affiliates, failure to stop deceptive conduct by HSBC affiliates to circumvent a screening device designed to block transactions by terrorists and drug kingpins and providing bank accounts to overseas banks with links to terrorist financing. The HSBC officials have been accused of continuing to do business with the Saudi Arabian Bank Al Rajhi and the two Bangladeshi banks Islami Bank and Social Islami Bank despite being aware of information of their alleged links to terrorist organizations for 2002 to 2010.