-
OPINION: It’s not the system, it’s the people – TD Bank scandal through a different lens
Stop blaming inferior AML software and arrest the individual responsible for the crime, says former federal agent Robert Mazur.
-
The 2024 regulatory landscape and thoughts on a post-US-election version
The US election campaign is, perhaps predictably, closing amid sound and fury. We step back to take a measured view of America’s prospects.
-
Tether faces US inquiry about alleged AML and sanctions violations
But the world’s biggest stablecoin denies the WSJ’s reports that it is being investigated for possible AML and sanctions violations.
-
Tech CEO indicted for data center misrepresentations that defrauded SEC
Deepak Jain allegedly falsely claimed that his data centers were certified at maximum levels to obtain a contract with the SEC.
-
Raytheon to pay $950m for FCPA, export control allegations
The DOJ alleged Raytheon defrauded DOD into paying over $111m more than it should have in contracts to buy Patriot missile systems and operate radar.
-
Citadel Federal to pay over $6.5m in first redlining case against a credit union
The institution failed to provide mortgage lending services to residents of predominantly non-white neighborhoods for about five years, DOJ said.
-
SEC and DOJ charge crypto financial services firms and developers for wash trading
Billing themselves as market makers, the alleged fraudsters were in the business of illicit wash trading and promotion.
-
TD Bank pleads guilty to AML failures, receives record-smashing $3bn+ in penalties, growth cap
“By making its services convenient for criminals, TD Bank became one,” said Attorney General Merrick B Garland.