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Tag: Bank Secrecy Act


Regulations

Sen. Warren draws more support for crypto crackdown bill

December 12, 2023

Via: Banking Dive

Sen. Elizabeth Warren, D-MA, has drawn more support for a bill meant to crack down on the use of crypto in illegal activities, including money laundering, drug trafficking and sanctions evasion. Alongside five new co-sponsors, including three fellow members of […]


Regulations

Cryptocurrency Exchange Binance and its Founder Plead Guilty to Money Laundering Charges

November 27, 2023

Via: JD Supra

On November 21, 2023, the U.S. Justice Department unsealed charges against cryptocurrency exchange Binance and Binance CEO Changpeng Zhao for violating anti-money laundering provisions of the Bank Secrecy Act (“BSA”) and for causing violations of U.S. sanctions issued pursuant to […]


Regulations

U.S. Bancorp Announces Resolution Finalizing Legacy BSA / AML Matters

February 15, 2018

Via: Yahoo

U.S. Bancorp (USB), parent company of U.S. Bank, announced today that it has resolved previously disclosed matters related to its Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs with the U.S. Attorney’s Office for the Southern District of […]


Regulations

How to Protect Your Bank in a Sale: Reverse Due Diligence

April 22, 2016

Via: Bank Director

Reverse due diligence in the context of bank mergers and acquisitions has become more relevant in the current regulatory environment. Bank regulators are more closely scrutinizing transactions and taking a stricter approach to supervisory and regulatory matters. This may generally […]