Mondaq USA: Government, Public Sector > Money Laundering
Cadwalader, Wickersham & Taft LLP
FINRA proposed amending its existing anti-money laundering ("AML") requirements to explicitly require ongoing customer due diligence, consistent with the May 11, 2018 effective date...
Shearman & Sterling LLP
On April 13, 2018, the United States Court of Appeals for the Second Circuit, in a summary order, affirmed the dismissal of a putative class action against Deutsche Bank and certain of its officers...
Cadwalader, Wickersham & Taft LLP
A former Venezuelan official admitted to soliciting and receiving bribes from owners of certain U.S. energy companies. The official pleaded guilty to one count of conspiracy to commit money laundering.
WilmerHale
Last week the Financial Crimes Enforcement Network (FinCEN) issued much-anticipated Frequently Asked Questions (FAQs) that provide additional guidance ...
Cadwalader, Wickersham & Taft LLP
FINRA revised the template that small firms registered with FINRA may use in developing anti-money laundering ("AML") programs.
Arnold & Porter
On March 19, 2018, the Treasury Department's Office of Foreign Assets Control (OFAC) published five frequently asked questions and responses (FAQs) relating to digital currency and sanctions compliance.
Cadwalader, Wickersham & Taft LLP
The Industrial and Commercial Bank of China and its New York branch entered into a consent agreement with the Board of Governors of the Federal Reserve System ("FRB").
Sheppard Mullin Richter & Hampton
There is universal acknowledgement that anti-money laundering ("AML") monitoring has become progressively costlier (both in terms of time and money) since the Bank Secrecy Act ("BSA")...
Shearman & Sterling LLP
On February 15, 2018, the U.S. Department of Justice entered into a deferred prosecution agreement with a large U.S. financial institution, which includes a $528 million forfeiture ...
Arnold & Porter
lthough the current administration may signal its intention to exercise a more relaxed regulatory examination environment for financial institutions, industry participants should not make the mistake of expecting a more relaxed enforcement environment, particularly in the area of anti-money laundering.
Shearman & Sterling LLP
On 21 December 2017, the Joint Money Laundering Steer Group published a revised version of its Guidance on the prevention of money laundering and the financing of terrorism for the U.K. financial services industry.
Arnold & Porter
Although the current administration may signal its intention to exercise a more relaxed regulatory examination environment for financial institutions, industry participants should not make the mistake of expecting a ...
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 ...
Duff and Phelps
In this edition of Regulatory Focus, Duff & Phelps provides a synopsis of the FCA's latest news and publications issued in January and February 2018.
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Arnold & Porter
On March 19, 2018, the Treasury Department's Office of Foreign Assets Control (OFAC) published five frequently asked questions and responses (FAQs) relating to digital currency and sanctions compliance.
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.
WilmerHale
Last week the Financial Crimes Enforcement Network (FinCEN) issued much-anticipated Frequently Asked Questions (FAQs) that provide additional guidance ...
Cadwalader, Wickersham & Taft LLP
FINRA revised the template that small firms registered with FINRA may use in developing anti-money laundering ("AML") programs.
Duff and Phelps
In this edition of Regulatory Focus, Duff & Phelps provides a synopsis of the FCA's latest news and publications issued in January and February 2018.
Arnold & Porter
lthough the current administration may signal its intention to exercise a more relaxed regulatory examination environment for financial institutions, industry participants should not make the mistake of expecting a more relaxed enforcement environment, particularly in the area of anti-money laundering.
Arnold & Porter
Although the current administration may signal its intention to exercise a more relaxed regulatory examination environment for financial institutions, industry participants should not make the mistake of expecting a ...
WilmerHale
Over the past year, regulators continued to actively examine compliance, introduce new and heightened requirements, recalibrate global priorities, and aggressively pursue enforcement.
Sheppard Mullin Richter & Hampton
There is universal acknowledgement that anti-money laundering ("AML") monitoring has become progressively costlier (both in terms of time and money) since the Bank Secrecy Act ("BSA")...
Akin Gump Strauss Hauer & Feld LLP
The service was used in conjunction with crimes ranging from identity theft and fraud to drug trafficking.
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