Authorities Begin to Focus on Individual Responsibility -
This week, Danish prosecutors charged Thomas Borgen, the former chief executive officer of Danske Bank, for his involvement in the money laundering scandal arising...more
Last week, the House Financial Services Committee released three proposed bills to codify many of the reform ideas that have arisen in an ongoing conversation among financial agencies, law enforcement, financial institutions,...more
3/15/2019
/ AML/CFT ,
BSA/AML ,
Financial Crimes ,
Financial Regulatory Reform ,
Financial Services Committee ,
Financial Services Industry ,
FinCEN ,
Legislative Agendas ,
Money Laundering ,
Proposed Legislation ,
Rulemaking Process ,
Suspicious Activity Reports (SARs) ,
Terrorist Financing Regulations ,
Whistleblowers
After over a year of negotiations, the European Parliament and its executive arm, the European Council, recently agreed to an amendment to the Fourth Anti-Money Laundering Directive to include measures targeting exchange...more
12/21/2017
/ Beneficial Owner ,
Bitcoin ,
Digital Currency ,
EU ,
Financial Services Industry ,
Money Laundering ,
New Amendments ,
Popular ,
Prepaid Payment Products ,
Tax Evasion ,
Terrorism Funding ,
Virtual Currency
On January 19, 2017, the Western Union Company (“Western Union” or the “Company”) entered into a deferred prosecution agreement (“DPA”) with the Department of Justice (“DOJ”), in which Western Union admitted to willful...more
3/15/2017
/ Banking Sector ,
BSA/AML ,
Class Action ,
Deferred Prosecution Agreements ,
Derivative Suit ,
Financial Services Industry ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Form 10-K ,
Misleading Statements ,
Money Laundering ,
Money Transfer ,
Securities and Exchange Commission (SEC) ,
Western Union ,
Wire Fraud