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Jessica Tillipman Senior Editor

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Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

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FCPA Blog Daily News

Entries in Bank of America (6)

Monday
Sep222014

A plea to Mr. Holder: Help corruption’s victims

U.S. Attorney General Eric Holder (Image courtesy of the DOJ)The movement to use anticorruption enforcement proceeds for the benefit of corruption's true victims is gaining ever more momentum.

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Monday
Sep082014

First BP, then BofA: Could an FCPA defendant be next?

Attorney General Eric Holder announces Bank of America's $16.7 billion settlement on August 21, 2014.Two recent blockbuster DOJ settlements have two things in common: 1) record-setting financial penalties, and 2) a portion of those penalties being set aside to fund programs to benefit the communities harmed by the crime. Shouldn't we carry that trend into FCPA enforcement?

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Thursday
Jul312014

BofA fined $1.27 billion for Countrywide mortgage fraud

Judge Jed Rakoff of the U.S. district court in New York on Wednesday ordered Bank of America to pay a $1.27 billion fine for fraud perpetrated by Countrywide Financial Corp., a mortgage company the bank acquired in 2008.

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Friday
Jul252014

Bank of America pays $16.6 million for violating drug trafficker sanctions

Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed hundreds of transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said Thursday.

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Tuesday
Jul222014

Former BofA employee jailed for taking bribes in short-sale scheme

A former Bank of America mortgage employee was sentenced to 30 months in prison for pocketing $1.2 million in bribes, given to him so he would approve the sale of distressed properties for far less than their actual value.

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Friday
May232014

SEC probing Charles Schwab, Merrill Lynch for AML lapses

U.S. regulators are investigating Charles Schwab and Bank of America's Merrill Lynch brokerage over whether they are doing enough to verify their clients' identities as part of their anti-money laundering programs. 

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