The Agricultural Bank of China was penalized $215 million Friday after it "silenced and severely curtailed the independence" of its New York branch's chief compliance officer who tried to expose and stop suspicious transactions at the bank.
Entries in Department of Financial Services (6)
Commerzbank AG agreed to pay $1.45 billion for doing business with Iran and other sanctioned countries and its failure to have adequate money laundering controls, the DOJ and New York financial regulator said Thursday.
The New York Department of Financial Services said Tuesday that Standard Chartered Bank will pay $300 million for "failures to remediate anti-money laundering compliance problems" required by the bank's 2012 settlement with the same regulator.
New York's Department of Financial Services said Monday that PricewaterhouseCoopers (PwC) Regulatory Advisory Services has been suspended for two years for helping whitewash a sanctions and anti-money laundering compliance report from the Bank of Tokyo Mitsubishi (BTMU).
The New York State Department of Financial Services (DFS) issued a proposed "BitLicense" regulatory framework for virtual currency businesses Thursday, and is asking for public comments on the plan.
French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S. authorities said Monday.