On September 7 2019, ECCB, in consultation with the ECCB Monetary Council, approved the application for the transfer of assets and liabilities of the Bank of Nova Scotia (BNS) to...Read More
On May 2, 2019, the US Department of the Treasury, Office of Foreign Assets Control (OFAC) published "A Framework for OFAC Compliance Commitments”. This document addresses the requirements of an...Read More
The Financial Crimes Enforcement Network (FinCEN) and the U.S. Attorney’s Office for the Southern District of New York announced on May 4th, 2017 the settlement of claims under the Bank...Read More
On December 21, 2016 Odebrecht & Braskem Plead Guilty and agree to pay at least $3.5 Billion in penalties to resolve Largest Foreign Bribery Case in History. To Access full...Read More
On May 5th, 2016, the Financial Crimes Enforcement Network (FinCEN) released the final rule on Customer Due Diligence Requirements and Beneficial Ownership aimed at strengthening the Anti-Money Laundering requirements. This...Read More
On February 4th, 2016, the Basel Committee on Banking Supervision expanded its guidelines on Anti-Money Laundering and Countering Terrorist Financing with a "General Guide to Account Opening". To Access the...Read More
The Financial Crimes Enforcement Network (FinCEN) issued on January 13, 2016, a Geographic Targeting Orders (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons...Read More
On September 8, 2015, the Financial Crimes Enforcement Center (FinCEN) fined Caesars Palace for its willful and repeated violations of Anti-Money Laundering laws. Caesars Palace has agreed to pay a...Read More
