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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2022-08-19T15:58:00
The former chief executive officer of Rabobank, N.A. was fined $20,000 by the Office of the Comptroller of the Currency (OCC) last month for his alleged role in obstructing a Bank Secrecy Act (BSA) program examination.
John Ryan, CEO of Rabobank from September 2012 until December 2015, caused a material audit report to not be submitted to the OCC while it was carrying out an investigation at the bank in 2013, the agency alleged. In December 2013, Rabobank agreed to a consent order with the OCC regarding deficiencies in its BSA/anti-money laundering (AML) compliance program. The bank would be fined $50 million by the regulator in 2018 regarding the latter’s findings during that probe.
Ryan’s settlement with the OCC was reached July 28 and announced Thursday.
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2023-04-10T18:54:00Z By Aaron Nicodemus
The Office of the Comptroller of the Currency dismissed an enforcement action and withdrew a fine against the former chief compliance officer for the now-defunct U.S. branch of Rabobank N.A.
2023-04-07T11:00:00Z By Maria L. Murphy
The Financial Accounting Standards Board issued a proposed accounting standards update to improve accounting and disclosures for certain crypto assets.
2022-12-08T19:38:00Z By Adrianne Appel
Rabobank, the second largest bank in the Netherlands, is being investigated by the Dutch Public Prosecution Service for potential violations of the country’s anti-money laundering/countering the financing of terrorism law.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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