Bank Secrecy Act

Fed Faults Deutsche Bank Laundering Controls
Risk & Compliance

Fed Faults Deutsche Bank Laundering Controls

The bank agrees to pay $41 million for allowing "significant deficiencies" in its monitoring of billions of dollars in potentially suspicious transactions.
By Matthew Heller | May 31, 2017
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Regulators Fine Virtual Currency Firm $700,000
Risk & Compliance

Regulators Fine Virtual Currency Firm $700,000

Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.
By Matthew Heller | May 6, 2015
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‘Operation Choke Point’ Catches Two More Banks
Risk & Compliance

‘Operation Choke Point’ Catches Two More Banks

Two Irvine, Calif.-based banks settle with the Justice Department over permitting transactions involving fraudulent merchants.
By Katie Kuehner-Hebert | March 13, 2015
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