Senate Committee criticizes lax treatment of banks that violate money laundering laws; a report finds flaws with how the Army handles PTSD, and the DOD explains the Cyber Command mission.
► A Senate Banking Committee hearing examined why regulators don't crack down more on banks that violate money laundering laws, reports the Washington Post. The Post writes that Sen. Elizabeth Warren (D-Mass.) asked regulators at the hearing, “If you’re caught with an ounce of cocaine, chances are good you’re going to go to jail.... Evidentially, if you laundered nearly a billion dollars for drug cartels . . . your company pays a fine and you go home and sleep in your own bed.” Regulators countered that it was really up to the U.S. Department of Justice to pursue criminal charges, and that regulators have handed down fines. Some commentators suggested that banks simply have trouble complying because of the law's difficulty. But, the Post article quotes former bank examiner Mark Williams, who now teaches finance at Boston University as saying, “The level of this money laundering and the fact it’s gone on for so long meant that regulators have been asleep.”
► The New York Times has an AP story on problems with how the U.S. Army has handled the problem with post-traumatic stress disorders . "The Army has more than doubled its number of military and civilian behavioral health workers in the past five years, but a new report says a litany of shortcomings plagues the force when it comes to diagnosing and treating soldiers for post-traumatic stress disorder" says the article.
► U.S. Defense Department (DOD) has an article on how it is trying to better define the U.S. Cyber Command (Cybercom) mission . "As part of DOD, Williams said, part of Cybercom’s mission is to help in defending the homeland, especially against cyberattacks and other activities in cyberspace that could affect national security," it writes. "Cybercom’s second responsibility is to secure, operate and defend what is now defined as the Department of Defense information networks, or DODIN, formerly called the Global Information Grid.... The third mission area, he said, is to support regional combatant commanders such as those at U.S. Pacific Command and U.S. Central Command, and functional combatant commanders such as those at U.S. Transportation Command and U.S. Strategic Command." It goes on to explain, "For the cyber domain, Cybercom has three lines of operation -- DOD network operations, defensive cyber operations and offensive cyber operations." And, “'The other part of the DCO is that we need capability to go outside our own networks' and stop malware and other attacks before they reach the network, the general said."