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Federal Reserve terminates BSA-related enforcement action against Bank of Nova Scotia

Press Release

May 23, 2023

Federal Reserve Board announces termination of enforcement action with The Bank of Nova Scotia and Bank of Nova Scotia New York Agency

For release at 11:00 a.m. EDT 

The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below:

The Bank of Nova Scotia, Toronto, Canada and Bank of Nova Scotia New York Agency, New York, New York
Written Agreement dated November 5, 2015 (PDF)
Terminated May 18, 2023

Federal Reserve Board Press Release

And the original agreement:


Federal Reserve Press Release

Enforcement Action Agreement

Categories: Anti-Money Laundering Enforcement Actions Federal Reserve updates


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