News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Bill Steinman
Contributing Editor
Job Title: Compliance Officer III
Employer: BNP Paribas / Bank of the West
Location: San Francisco, California
Description
This is a Vice President position and responsibilities include taking a lead role in ensuring that the Commercial Banking Group’s (CBG) policies and procedures are aligned with Bank’s policy and regulatory requirements. … Continue Reading
Federal and New York authorities said Wednesday that Deutsche Bank will pay $258 million and fire six senior employees to resolve investigations into thousands of illegal transactions with customers in Iran, Libya, Syria, Myanmar, and Sudan.… Continue Reading
French bank Crédit Agricole will pay $787 million and hire an independent monitor after violating U.S. sanctions against Sudan, Iran, Myanmar, and Cuba between 2003 and 2008.
The bank will also fire a managing director involved in the violations of U.S.… Continue Reading
Job Title: Compliance Officer III- Commercial Banking Group, Lending
Employer: BNP Paribas – Bank of the West
Location: San Francisco, California USA
Description
Responsible in taking a lead role in ensuring that the Commercial Banking Group’s (CBG) policies and procedures are aligned with Bank’s policy and regulatory requirements.… Continue Reading
The recently announced BNP sanctions settlement is remarkable in so many ways: the behavior is outrageous, the $9 billion criminal penalty is record-setting, and 13 employees were terminated. However, the most interesting part of the story may be the idea that the DOJ is exploring ways to use the forfeited funds to compensate individuals who may have been harmed by the sanctioned regimes of Sudan, Iran and Cuba.… Continue Reading
Paris-based BNP Paribas S.A. was sentenced Friday for processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian and Cuban entities subject to U.S. economic sanctions. … Continue Reading
Image courtesy of CommerzbankThe U.S. Attorney in Manhattan is investigating Germany’s Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.
The story by Chris Matthews said the new investigation could block efforts by Commerzbank, Germany’s second biggest lender, to settle separate allegations that it violated U.S.… Continue Reading
Eric Holder Jr. announced his resignation as U.S. attorney general Thursday. His nearly six years in office have seen him deal with everything from trials for terrorists to the ongoing protests in Ferguson, Missouri, to enforcement actions such as the whopping $8.9… Continue Reading
BNP Paribas SA said Jean Clamon, its top compliance officer since 2008, will retire this year.
Clamon, also a former chief operating officer, will be succeeded by Eric Martin, head of internal audit.… Continue Reading
BNP Paribas’ headquarters in Paris; courtesy of WikipediaU.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to resolve federal and state investigations into the bank’s dealings with sanctioned countries, including Sudan, Iran and Cuba.… Continue Reading
BNP Paribas has set aside $1.1 billion for a potential settlement with federal and state government agencies that are investigating possible U.S. sanctions violations.
The French bank made the disclosure while announcing its annual earnings results in a press release on Thursday.… Continue Reading