Sanctions violations
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Sanctions enforcement boosted as MOU between OFSI and OFAC strengthens information sharing
The MOU aims to facilitate the exchange of information between UK and US authorities.
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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.
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Swedbank fined $3.4m over Crimea sanctions violations
The bank’s Latvian subsidiary was found making 386 transactions that violated OFAC’s sanctions.