Mondaq USA: Government, Public Sector > Money Laundering
Shearman & Sterling LLP
On November 8, 2017, the US Department of the Treasury announced Kenneth A. Blanco as Director of FinCEN, a bureau in Treasury's Office of Terrorism and Financial Intelligence.
Cadwalader, Wickersham & Taft LLP
U.S. Bancorp and its operating subsidiary, U.S. Bank, entered into agreements to pay $613 million to resolve allegations that U.S. Bank broke Bank Secrecy Act/Anti-Money Laundering ("BSA/AML") rules.
Pryor Cashman LLP
On February 15, 2018, federal authorities - including the U.S. Department of Justice - filed charges against U.S. Bank, the fifth-largest commercial bank by assets in the United States, for allegedly neglecting anti-money laundering rules, helping a payday lender operate an illegal business and lying to a regulator.
Proskauer Rose LLP
Last week the staff of the Office of Compliance Inspections and Examinations (OCIE) of the SEC announced its 2018 examination priorities.
Cadwalader, Wickersham & Taft LLP
The "FATF Public Statement," which was published on November 3, 2017, identifies jurisdictions that are subject to its call for countermeasures or are subject to enhanced due diligence due to their strategic AML/CFT deficiencies.
Shearman & Sterling LLP
The Securities and Exchange Commission's Office of Compliance Inspections and Examinations' long-awaited examination priorities for 2018 will focus on five principal areas...
Cadwalader, Wickersham & Taft LLP
The SEC Office of Compliance Inspections and Examinations ("OCIE") announced 2018 examination priorities based on issues currently presenting increased risks ...
Cadwalader, Wickersham & Taft LLP
A national bank pleaded guilty to criminal charges for concealing anti-money laundering ("AML") violations and obstructing the Office of the Comptroller of the Currency's ("OCC") ...
Mishcon de Reya
The US Senate is currently considering The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act, known as the "Grassley Bill".
Cadwalader, Wickersham & Taft LLP
In addition to imposing the fine, the Order requires the Bank's branches to submit periodic progress reports to their applicable Federal Reserve Banks detailing steps taken to comply with the conditions of the Order.
Shearman & Sterling LLP
On January 9, 2018, the US Senate Committee on Banking, Housing and Urban Affairs held a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance...
Troutman Sanders LLP
Earlier this month, the New York State Department of Financial Services fined The Western Union Company $60 million for allegedly violating the New York Bank Secrecy Act and anti-money laundering laws.
Cadwalader, Wickersham & Taft LLP
The Office of the Comptroller of the Currency ("OCC") assessed a $70 million civil monetary penalty against a bank for failing to comply with a previous consent order to remedy deficiencies...
WilmerHale
Treasury's FinCEN recently announced the creation of the FinCEN Exchange, a new voluntary platform to facilitate information sharing between the government and industry on topics related to AML...
Morrison & Foerster LLP
In December 2017, FINRA issued a report highlighting several key findings from its recent examinations of broker-dealer members.
Proskauer Rose LLP
In October, the U.S. Department of the Treasury (the "Treasury") released its Annual Plan, outlining the Office of Inspector General's audit and investigative priorities for fiscal year 2018.
Cadwalader, Wickersham & Taft LLP
U.S. Treasury Undersecretary for Terrorism and Financial Intelligence ("TFI") Sigal Mandelker described TFI efforts to strengthen the financial crimes enforcement framework.
Cadwalader, Wickersham & Taft LLP
FINRA published guidance concerning the anti-money laundering ("AML") obligations of member firms under FINRA Rule 3310.
Sheppard Mullin Richter & Hampton
The summer of 2017 saw the U.S. Department of Justice's docket still teeming with Foreign Corrupt Practices Act (FCPA) cases.
Jones Day
While proposing the plan, the debtor is entitled to certain protections against involuntary bankruptcy petitions and other adverse creditor actions, albeit for a period of four months maximum.
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Cadwalader, Wickersham & Taft LLP
FinCEN notified U.S. financial institutions that the Financial Action Task Force ("FATF") updated the list of jurisdictions with strategic deficiencies in combating anti-money laundering and countering the financing of terrorism ("AML/CFT").
Cadwalader, Wickersham & Taft LLP
In addition to imposing the fine, the Order requires the Bank's branches to submit periodic progress reports to their applicable Federal Reserve Banks detailing steps taken to comply with the conditions of the Order.
Shearman & Sterling LLP
The Securities and Exchange Commission's Office of Compliance Inspections and Examinations' long-awaited examination priorities for 2018 will focus on five principal areas...
Cadwalader, Wickersham & Taft LLP
A national bank pleaded guilty to criminal charges for concealing anti-money laundering ("AML") violations and obstructing the Office of the Comptroller of the Currency's ("OCC") ...
Cadwalader, Wickersham & Taft LLP
The SEC Office of Compliance Inspections and Examinations ("OCIE") announced 2018 examination priorities based on issues currently presenting increased risks ...
Troutman Sanders LLP
Earlier this month, the New York State Department of Financial Services fined The Western Union Company $60 million for allegedly violating the New York Bank Secrecy Act and anti-money laundering laws.
Cadwalader, Wickersham & Taft LLP
The "FATF Public Statement," which was published on November 3, 2017, identifies jurisdictions that are subject to its call for countermeasures or are subject to enhanced due diligence due to their strategic AML/CFT deficiencies.
Shearman & Sterling LLP
On January 9, 2018, the US Senate Committee on Banking, Housing and Urban Affairs held a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance...
Mishcon de Reya
The US Senate is currently considering The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act, known as the "Grassley Bill".
Cadwalader, Wickersham & Taft LLP
The Office of the Comptroller of the Currency ("OCC") assessed a $70 million civil monetary penalty against a bank for failing to comply with a previous consent order to remedy deficiencies...
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