Reg Report: Two banks pay more than $1 billion each on sanctions gaps, US guidance deluge, and more


Reg Report: Two banks pay more than $1 billion each on sanctions gaps, US guidance deluge, and more

Wednesday, July 10, 2019  

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Posted by: Brian Monroe

By Brian Monroe
bmonroe@acfcs.org
July 10, 2019

Welcome to a monthly feature from ACFCS to help you keep up to date on the latest rules, guidance and enforcement trends: The Regulatory Report! 

In this feature, ACFCS highlight’s key current, upcoming or potential changes in the global financial crime landscape, so compliance professionals, investigators and regulators can better keep abreast of pressing vulnerabilities, issues and legislative fixes. Enjoy! 

In our latest ACFCS Regulatory Report, covering the second quarter, the U.S. hits Standard Chartered and UniCredit with billion-dollar fines for dealing with rogue regimes, DOJ, OFAC and FinCEN guidance geyser, and more.


Enforcement

In April, the showers came not to help the flowers, but originated from U.S. federal investigative and regulatory agencies issuing a deluge of sanctions

... read more at: https://www.acfcs.org/news/460752/Reg-Report-Two-banks-pay-more-than-1-billion-each-on-sanctions-gaps-US-guidance-deluge-and-more-.htm

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