Earlier this month, the New York State Department of Financial Services (“DFS”) and the Federal Reserve Board of Governors (“FRB”) announced settlements with the Industrial and Commercial Bank of ...

On October 10, 2024, Attorney General Merrick Garland announced that TD Bank pleaded guilty to conspiracy to commit money ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

Law enforcement officials stumbled on TD Bank’s role in money laundering while investigating a Mexican drug cartel. They found that the bank’s corporate culture considered compliance, particularly ...

The Trump Administration has prioritized deregulation, aiming to reduce compliance costs under the Bank Secrecy Act (BSA). Recent rules and guidance focus on easing burdens, like removing beneficial ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for violations of the Bank Secrecy Act and anti-money laundering laws ...

VIENNA, VIRGINIA - JANUARY 8: U.S. Treasury Secretary Janet Yellen speaks to reporters following a tour at one of the Financial Crimes Enforcement Network (FinCEN) locations on January 8, 2024 in ...

Bank of America (BofA) avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency (OCC) but was ordered to shore up previously ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

A Maitland, Florida bank has agreed to revamp its money laundering oversight program after being cited by the Office of the Comptroller of the Currency. Processing Content Axiom Bank entered into a ...

This year's event features presentations from some of the most influential figures in financial crime enforcement and policy: Guy Ficco, Chief of IRS-Criminal Investigation (CI), who oversees a global ...