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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-08-28T17:36:00
TD Bank disclosed in a shareholder report Thursday it is facing regulatory investigations regarding its Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program.
The bank said it is cooperating with the probes, which at least include the Department of Justice, and is pursuing efforts to enhance its BSA/AML compliance program. It did not identify any other agencies involved in the investigations.
“While the ultimate outcomes of these inquiries and investigations are unknown at this time, the bank anticipates monetary and/or nonmonetary penalties to be imposed,” the report stated.
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2024-05-01T17:34:00Z By Aaron Nicodemus
TD Bank said it set aside $450 million to settle regulatory and law enforcement investigations, including by the Department of Justice, into its anti-money laundering and Bank Secrecy Act programs.
2023-09-29T20:06:00Z By Kyle Brasseur
The American branch of South Korea-based Shinhan Bank agreed to pay $25 million across settlements with three separate regulators for admitted violations of the Bank Secrecy Act and anti-money laundering requirements.
2023-08-15T17:36:00Z By Kyle Brasseur
The Financial Crimes Enforcement Network issued a notice to financial institutions regarding its observations of increasing payroll tax evasion and workers’ compensation fraud taking place in the U.S. residential and commercial real estate construction industries.
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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