On September 29, the Financial Crimes Enforcement Network (“FinCEN”) entered into a consent order with Shinhan Bank America (“SHBA”), which imposed a $15 million dollar civil penalty against SHBA for allegedly willfully...more
10/10/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Consent Order ,
Enforcement Actions ,
Failure To Implement ,
Failure-to-File ,
FDIC ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Public Corruption ,
Suspicious Activity Reports (SARs) ,
Transaction Monitoring