US and UK regulators continue to focus on enforcement actions against institutions and individuals for violations of anti-money laundering (AML) laws and regulations, and the trend is intensifying. A review of recent US and UK enforcement cases reveals common themes financial institutions might consider when establishing or assessing the effectiveness of AML programs. Specifically, regulators […]

May has been a busy time for AML FININING (56 million euros) as noted here The Governor and Company of the Bank of Ireland Agrees on Monetary Penalty of €3,150,000 for AML/CFT Compliance Failures https://archive.comsuregroup.com/governor-company-bank-ireland-agrees-monetary-penalty-e3150000-amlcft-compliance-failures/ BNP Paribas Fined 10 million EUROS Over Weaknesses in Anti-Money Laundering Controls French bank watchdog ACPR said it had fined […]

DB was fined  $629m fined in January for $10bn worth of ‘mirror trades’: DEUTSCHEBANK – The New York State Department of Financial …Jan 30, 2017 … The New York State Department of Financial Services [DFS] FINES DEUTSCHE BANK $425 MILLION FOR RUSSIAN MIRROR-TRADING … http://bit.ly/2mWQqP6 New York State Department of Financial Services (DFS) Archives …Jan 30, 2017 … Alongside The New York State Department of […]