Enforcement Actions
Sub.: Summary of Order-in-Original No. III/DIR/FIU-IND/2020 in the matter of Shri Vinayak Sahakari Bank Ltd. reg. In order to assess the compliance of Shri Vinayak Sahakari Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention of Money […]
Yesterday, UK regulators announced the imposition of 2 monetary penalties against Standard Chartered Bank for Violations of EU Council Regulation 833/2014 (that’s the Ukraine/Russia sectoral sanctions one), and Regulation 38 of the Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. The total penalty amounts to 20,471,809.83 GBP. The notice notes […]
Sub.: Summary of Order-in-Original No. 1/DIR/FIU-IND/2020 in the matter of Tumkur Grain Merchants’ Co-operative Bank Ltd. reg. In order to assess the compliance of Tumkur Grain Merchants’ Co-operative Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention […]
Sub.: Summary of Order-in-Original No. 2/DIR/FIU-IND/2020 in the matter of NOIDA Commercial Co-operative Bank Ltd. reg. In order to assess the compliance of NOIDA Commercial Co-operative Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention of Money […]
Department of Justice U.S. Attorney’s Office District of New Hampshire FOR IMMEDIATE RELEASE Tuesday, March 3, 2020 Tennessee Man Pleads Guilty to Smuggling Goods from the United States to Iran CONCORD – Aiden Davidson, a/k/a Hamed Aliabadi, 32, of Tennessee, pleaded guilty on Monday in federal court to smuggling goods […]
Press Release FOR IMMEDIATE RELEASE Contact: DEA Public Affairs (202) 307-7977 Nicolás Maduro Moros and 14 current and former Venezuelan officials charged with narco-terrorism, corruption, drug trafficking and other criminal charges Maduro and other high-ranking Venezuelan officials allegedly partnered with the FARC to use cocaine as a weapon […]
Press Release SEC Charges Cardinal Health With FCPA Violations FOR IMMEDIATE RELEASE2020-48 Washington D.C., Feb. 28, 2020 — The Securities and Exchange Commission today announced that Ohio-based pharmaceutical company Cardinal Health, Inc. has agreed to pay more than $8 million to resolve charges that it violated the books and records and […]
Serious AML failings at Julius Baer The Swiss Financial Market Supervisory Authority FINMA has found that Julius Baer fell significantly short in combating money laundering between 2009 and early 2018. The shortcomings arose in connection with alleged cases of corruption linked to PDVSA, an oil company, and FIFA, the world […]
FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures Contact Office of Strategic Communications, 703-905-3770 Immediate Release March 04, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $450,000 civil money penalty against Michael LaFontaine, former Chief Operational Risk Officer at U.S. Bank National Association (U.S. Bank), for his failure to […]
JUSTICE NEWS Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, March 2, 2020 Two Chinese Nationals Charged with Laundering Over $100 Million in Cryptocurrency From Exchange Hack Forfeiture Complaint Details Over $250 Million Stolen by North Korean Actors Two Chinese nationals were charged with laundering over $100 […]
