Anti-Money Laundering Enforcement Trend Continues
Tuesday, March 2, 2021 Federal regulators are increasing their scrutiny of companies compliance with Anti-Money Laundering and Bank Secrecy Act Obligations, and if January is any indication, 2021 will be a record year for penalties. Just in the last two months, regulators have imposed more than $200 million in penalties on corporations. For example, the Federal Deposit Insurance Corporation (FDIC) assessed a $12.5 million penalty against a company for unspecified AML violations; and t...
National Credit Union Administration Bank Secrecy Deposit Insurance Corporation Compliance Program Requirements Federal Reserve Financial Crimes Enforcement Network Fin
Source: natlawreview.com