Sanctions violations
-
Fed and NYDFS order ICBC to pay $32.4m for AML, compliance program lapses
Beijing-based ICBC signs consent order to resolve money laundering and confidential supervisory information compliance deficiencies.
-
Swedbank fined $3.4m over Crimea sanctions violations
The bank’s Latvian subsidiary was found making 386 transactions that violated OFAC’s sanctions.