ComplianceAid - ComplianceAid Website

Federal Reserve Board fines JPMorgan Chase & Co. $98.2 Million

March 14, 2024ComplianceAidNews

The Federal Reserve Board (FRB) issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct. To Access full article: Click here

The Office of Foreign Assets Control (OFAC) fines EFG International AG for Apparent Violation of the Cuban Asset Control Regulations, the Kingpin Act, and Executive Order 14024

March 14, 2024ComplianceAidNews

March 14, 2024, The Office of Foreign Assets Control (OFAC), announced a $3,740,442 settlement with EFG International AG, a Switzerland-based global private banking group for processing 873 securities transactions in apparent violation of the Cuban Asset Control Regulations, the Kingpin Act, and Executive Order 14024. To Access full article: Click here

OCC fine JPMorgan Chase Bank, N.A. $250 Million Civil Money Penalty

March 14, 2024ComplianceAidNews

On March 14, 2024, “The Office of the Comptroller of the Currency (OCC) announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) related to deficiencies in its trade surveillance program.” To Access full article: Click here

FinCEN fines Credit Union BSA Compliance Officer $100,000

January 31, 2024ComplianceAidNews

On January 31, 2024, The “United States Department of the Treasury Financial Crimes Enforcement Network (FinCEN) assessed a $100,000 civil money penalty on Gyanendra Kumar Asre (Asre) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations.” To Access full article: Click here

U.S. Department of the Treasury OFAC fines CoinList Markets LLC for Apparent Sanction Violation

December 13, 2023ComplianceAidNews

On December 13, 2023, The U.S. Office of Foreign Assets Control (OFAC) announced a $1,207,830 settlement with CoinList Markets LLC. CoinList agreed to settle its potential civil liability arising from processing 989 transactions on behalf of users ordinarily resident in Crimea between April 2020 and May 2022, in apparent violation of OFAC's Russia/Ukraine sanctions. To...

OFAC fines Nasdaq, Inc.

December 8, 2023ComplianceAidNews

December 8, 2023, “The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Nasdaq, Inc. Nasdaq agreed to remit $4,040,923 to settle its potential civil liability for a former wholly owned foreign subsidiary’s apparent violations of sanctions on Iran.” To Access full article: Click here

U.S. Treasury announces $4 Billion Fine which is largest settlements in history with world’s largest Virtual Currency Exchange Binance for Violations of U.S. Anti-Money Laundering and Sanctions Laws

November 21, 2023ComplianceAidNews

On November 21, 2023, the United States Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), took unprecedented action to hold Binance Holdings Ltd. and its affiliates (collectively, Binance) accountable for violations of the United States Anti-Money Laundering (AML) and Sanctions...

The Office of Foreign Assets Control (OFAC) fines Binance Holdings Ltd. $968,618,825 for Apparent Violation on Multiple Sanctions Programs

November 11, 2023ComplianceAidNews

November 11, 2023, The United States Department of the Treasury Office of Foreign Assets Control (OFAC) announced a $968,618,825 settlement with Binance Holdings, Ltd. (“Binance”), the world’s largest virtual currency exchange. To Access full article: Click here

FATF Advances Efforts to Counter Money Laundering and Terrorist Financing

October 28, 2023ComplianceAidNews

During October 2023, plenary meeting, the Financial Action Task Force (FATF), advanced numerous initiatives to strengthen global anti-money laundering and counter-terrorist financing standards. To Access full article: Click here

The United Kingdom Financial Conduct Authority Announce Findings on Handling Money Mule

October 19, 2023ComplianceAidNews

On October 19, 2023, The UK Financial Conduct Authority (FCA) announce key findings on handling Money Mule Activities. To Access full article: Click here

1 2 3 … 5

Federal Reserve Board fines JPMorgan Chase & Co. $98.2 Million

The Office of Foreign Assets Control (OFAC) fines EFG International AG for Apparent Violation of the Cuban Asset Control Regulations, the Kingpin Act, and Executive Order 14024

OCC fine JPMorgan Chase Bank, N.A. $250 Million Civil Money Penalty

FinCEN fines Credit Union BSA Compliance Officer $100,000

U.S. Department of the Treasury OFAC fines CoinList Markets LLC for Apparent Sanction Violation

OFAC fines Nasdaq, Inc.

U.S. Treasury announces $4 Billion Fine which is largest settlements in history with world’s largest Virtual Currency Exchange Binance for Violations of U.S. Anti-Money Laundering and Sanctions Laws

The Office of Foreign Assets Control (OFAC) fines Binance Holdings Ltd. $968,618,825 for Apparent Violation on Multiple Sanctions Programs

FATF Advances Efforts to Counter Money Laundering and Terrorist Financing

The United Kingdom Financial Conduct Authority Announce Findings on Handling Money Mule

ComplianceAid BSA AML Services LLC

Newsletter

By

ComplianceAid BSA AML Services LLC

Follow us on

Newsletter

Joining Instructions