News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The Treasury Department’s Financial Crimes Enforcement Network fined an independent community bank in Texas $2 million for “willfully violating” anti-money laundering requirements of the Bank Secrecy Act.
Lone Star National Bank based in Pharr, Texas took on “a Mexican financial institution” as a customer.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network withdrew a finding against Banca Privada d’Andorra Friday because the bank “no longer operates in a manner that poses a threat to the U.S.… Continue Reading
In March, the U.S. Treasury Department’s Financial Crimes Enforcement Network imposed a corporate death sentence on Banca Privada d’Andorra by designating it as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading
The United States and United Kingdom recently published comprehensive money laundering risk assessments through the UK’s National Risk Assessment and the U.S.’s National Money Laundering Risk Assessment.
The UK’s National Risk Assessment (NRA) and U.S.’s… Continue Reading
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) assessed a $20 million civil penalty against Oppenheimer & Co., Inc. for “willfully violating” the Bank Secrecy Act.
Oppenheimer is a securities broker–dealer based in New York.… Continue Reading
The Department of Justice is focused on deterring and prosecuting criminals who use virtual currency to hide money connected to criminal or terrorist acts, said acting assistant attorney general, Mythili Raman on Monday.… Continue Reading