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FinCEN Enforcement Action: former U.S. Bank official fined $450,000

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 […]

May 29, 2017: Singapore slaps some wrists over 1MDB

  P Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions Singapore, 30 May 2017…The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date.  In its latest regulatory actions, MAS has imposed financial penalties on […]