ɪn tˈuː θˈaʊzənd twˈɛlv hiː ɹᵻtˈaɪɚd fɹʌm ˌeɪtʃˌɛsbˌiːsˈiː, kˌoʊɪnsˈaɪdɪŋ wɪð ɐ sˈɛɾəlmənt wɪððə jˌuːˈɛs ɐθˈɔːɹɪɾiz ɪnwˌɪtʃ ˌeɪtʃˌɛsbˌiːsˈiː mˈɛksɪkˌoʊ, ʌvwˈɪtʃ sˈændi flˈɑːkhɑːɹt hɐdbɪn sˌiːˌiːˈoʊ, ɐdmˈɪɾᵻd tʊ ˈeɪdɪŋ ðə lˈɔːndɚɹɪŋ ʌv nˌɪɹli jˌuːˈɛs dˈɑːlɚ wˈʌn bˈɪliən ʌv dɹˈʌɡ tɹˈæfɪkɚz fˈʌndz.
In 2012 he retired from HSBC, coinciding with a settlement with the US authorities in which HSBC Mexico, of which Sandy Flockhart had been CEO, admitted to aiding the laundering of nearly US$1 billion of drug traffickers funds.