Mondaq USA: Government, Public Sector > Money Laundering
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.
Cadwalader, Wickersham & Taft LLP
U.S. Treasury Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker described strategies and priorities in combating terrorist financing, money laundering, and other threats...
Herrick, Feinstein LLP
While real estate ownership by limited liability companies (LLCs) remains an area of focus for government agencies seeking to root out money laundering and terrorism financing, a growing area of interest...
Duane Morris LLP
The Office of the Comptroller of the Currency's (OCC) Committee on Bank Supervision (CBS) just released its Bank Supervision Operating Plan for 2018 which outlines the OCC's supervision...
Cadwalader, Wickersham & Taft LLP
FinCEN issued an advisory to inform financial institutions of "widespread" public corruption in Venezuela and to increase awareness of the money laundering methods that corrupt officials may employ to transfer and...
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...
Cadwalader, Wickersham & Taft LLP
On August 24, 2017, the New York State Department of Financial Services ("DFS") instituted enforcement proceedings against a Pakistani bank seeking a $630 million civil penalty for alleged "AML" violations.
Kramer Levin Naftalis & Frankel LLP
Paris counsel Pierre Storrer's article "Anti-Money Laundering: Application of the Tegister for Beneficial Owners of Legal Entities" appeared in the July-August 2017 issue of the French publication Banque & Droit.
Cadwalader, Wickersham & Taft LLP
The Financial Crimes Enforcement Network ("FinCEN") expanded its use of Geographic Targeting Orders ("GTOs") broadening efforts to combat money laundering in the luxury residential real estate market.
Ropes & Gray LLP
The DOJ secured an important victory for its FCPA enforcement efforts on July 27, 2017, when a Manhattan jury found Chinese billionaire Ng Lap Seng guilty on six counts related to a bribery scheme.
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.
Most Popular Recent Articles
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...
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.
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...
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.
WilmerHale
Over the past year, regulators continued to actively examine compliance, introduce new and heightened requirements, recalibrate global priorities, and aggressively pursue enforcement.
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
U.S. Treasury Undersecretary for Terrorism and Financial Intelligence ("TFI") Sigal Mandelker described TFI efforts to strengthen the financial crimes enforcement framework.
Akin Gump Strauss Hauer & Feld LLP
Read the latest edition of Red Notice, a monthly update on global investigations and prosecutions that cross multiple jurisdictions. Red Notice focuses on developments related to anticorruption...
Cadwalader, Wickersham & Taft LLP
FINRA published guidance concerning the anti-money laundering ("AML") obligations of member firms under FINRA Rule 3310.
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