The Trump Administration has prioritized deregulation, aiming to reduce compliance costs under the Bank Secrecy Act (BSA). Recent rules and guidance focus on easing burdens, like removing beneficial ...

On October 10, 2024, Attorney General Merrick Garland announced that TD Bank pleaded guilty to conspiracy to commit money laundering and agreed to pay more than $1.8 billion to resolve the DOJ ...

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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Bank of America (BofA) avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency (OCC) but was ordered to shore up previously ...

In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for violations of the Bank Secrecy Act and anti-money laundering laws ...

Law enforcement officials stumbled on TD Bank’s role in money laundering while investigating a Mexican drug cartel. They found that the bank’s corporate culture considered compliance, particularly ...

BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties. Cryptocurrency derivatives exchange BitMEX dismissed its violation of ...

This year's event features presentations from some of the most influential figures in financial crime enforcement and policy: Guy Ficco, Chief of IRS-Criminal Investigation (CI), who oversees a global ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

Citizens Savings Bank Kathy Sedorovitz has been promoted to the position of AVP/compliance & BSA in the administrative ...