The Paycheck Protection Program (“PPP”) emerged as a lifeline for small businesses grappling with the unprecedented challenges of the COVID-19 pandemic. Lenders navigated a landscape of regulations that Congress quickly...more
12/29/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Enforcement ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
FinTech ,
Fraud ,
Good Faith ,
Liability ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Popular ,
SBA ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Suspicious Activity Reports (SARs)
After dozens of high-profile criminal prosecutions and a growing wave of civil investigations, the Department of Justice’s (“DOJ”) Covid-19 Fraud Enforcement Strike Force is poised to continue its pursuit of fraud, abuse, and...more
11/1/2023
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Enforcement Strike Teams ,
Fraud ,
Government Investigations ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA