On June 28, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network announced long-anticipated proposed rules on anti-money laundering and countering the financing of terrorism program effectiveness;...more
7/25/2024
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Compliance ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinCEN ,
NCUA ,
NPRM ,
OCC ,
Proposed Rules ,
Suspicious Activity Reports (SARs)
The Securities and Exchange Commission (SEC) recently announced anti-money laundering (AML)-related charges against an individual registered representative for failing to escalate red flags of potentially suspicious activity,...more
This Article discusses the recent plea agreement between the United States and Danske Bank. It argues that the Department of Justice has advanced a new and evolving theory of liability for foreign banks that access the U.S....more
4/10/2023
/ Anti-Money Laundering ,
Bank Fraud ,
Banking Sector ,
Banks ,
Conspiracies ,
Criminal Conspiracy ,
Criminal Liability ,
Department of Justice (DOJ) ,
Financial Institutions ,
Foreign Banks ,
Fraud ,
Liability ,
Plea Agreements ,
Popular ,
Statutory Violations
In this alert, we summarize recent guidance from federal regulators and self-regulatory organizations - including the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), the Office of...more
4/28/2020
/ Anti-Money Laundering ,
Bank Secrecy Act ,
CARES Act ,
Compliance ,
Coronavirus/COVID-19 ,
Financial Crimes ,
Financial Fraud ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Stimulus ,
Paycheck Protection Program (PPP)