‘FinCEN Files’ Highlight Ongoing Risks of SAR Filing Practices

The FinCEN Files, a cache of records leaked from the U.S. financial intelligence unit, show that JPMorgan Chase handled millions of dollars for Paul Manafort, above, after he resigned as President Donald Trump’s campaign chairman in 2016. (Getty Images)


Legs & Regs


Enforcement Actions

The Commission de Surveillance du Secteur Financier of Luxembourg issued an administrative fine of €170,000 against the Geneva, Switzerland-based bank for violations of the anti-money laundering and counterterrorist financing rules.
The Justice Department entered into a deferred prosecution agreement with the New York, NY-based financial institution to resolve charges related to two distinct wire fraud schemes involving unlawful trading in the markets for precious metals futures contracts and U.S. Treasury futures contracts.