On March 11, 2025, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) aimed at disrupting drug trafficking and money laundering along the southwestern border. The...more
3/24/2025
/ Anti-Money Laundering ,
Cartels ,
Currency Transaction Reports (CTR) ,
Enforcement Priorities ,
Financial Crimes ,
FinCEN ,
GTO ,
Money Laundering ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Sanctions ,
Trump Administration ,
U.S. Treasury
On Nov. 19, 2024, the Federal Deposit Insurance Corp. issued a notice of assessment finding that between December 2018 and August 2020, CBW Bank — a single-branch bank in Weir, Kansas — failed to maintain an adequate...more
1/28/2025
/ Administrative Procedure Act ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Compliance ,
Constitutional Challenges ,
Enforcement Actions ,
FDIC ,
Financial Institutions ,
Regulatory Authority ,
SCOTUS ,
SEC v Jarkesy ,
Securities and Exchange Commission (SEC) ,
Seventh Amendment ,
Trump Administration
On October 10, 2024, the financial services community was stunned by the $3.1 billion settlement between the federal government and TD Bank over Bank Secrecy Act (BSA) and anti-money laundering (AML) violations. TD Bank’s...more
12/10/2024
/ BSA/AML ,
Community Banks ,
Compliance ,
Consent Order ,
Due Diligence ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Know Your Customers ,
Money Laundering ,
OCC ,
Suspicious Activity Reports (SARs)
On Oct. 10, Attorney General Merrick Garland announced that TD Bank pled guilty to conspiracy to commit money laundering and agreed to pay over $1.8 billion in penalties to resolve the U.S. Department of Justice's...more
11/22/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
BSA/AML ,
Criminal Conspiracy ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Money Laundering ,
Settlement
On October 11, 2024, the United States Department of Defense (DOD) published a final rule implementing its Cybersecurity Maturity Model Certification (CMMC) program, which is designed to verify that defense contractors are...more
11/12/2024
/ Certification Requirements ,
Controlled Unclassified Information (CUI) ,
Cybersecurity ,
Cybersecurity Maturity Model Certification (CMMC) ,
Defense Contracts ,
Defense Sector ,
Department of Defense (DOD) ,
Federal Contractors ,
National Security ,
NIST ,
Pentagon ,
Popular ,
Regulatory Agenda
On October 11, 2024, the United States Department of Defense (DOD) published a final rule implementing its Cybersecurity Maturity Model Certification (CMMC) program, which is designed to verify that defense contractors are...more
10/24/2024
/ Controlled Unclassified Information (CUI) ,
Cybersecurity ,
Cybersecurity Maturity Model Certification (CMMC) ,
Data Security ,
Department of Defense (DOD) ,
Enforcement Actions ,
Federal Contractors ,
Government Agencies ,
Investigations ,
Pentagon ,
Regulatory Agenda
Newly Updated Evaluation of Corporate Compliance Programs (ECCP) Addresses AI for the First Time -
On September 23, 2024, the U.S. Department of Justice (DOJ) revised its Evaluation of Corporate Compliance Programs (ECCP)....more
On October 10, 2024, Attorney General Merrick Garland announced that TD Bank agreed to pay over $1.8 billion in penalties to resolve the U.S. Department of Justice’s (DOJ) investigation into money laundering and Bank Secrecy...more
10/17/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Clawbacks ,
Compliance ,
Department of Justice (DOJ) ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
OCC ,
Penalties ,
Popular ,
Remediation ,
Self-Disclosure Requirements ,
Voluntary Disclosure