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From the Editor: Compliance Pitfalls for Banks Professionals to Grow, Says Ex-NY Chief Investigator
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Criticisms of the U.S. Justice Department's apparent decision to forego indictments of HSBC and its employees misses a larger point: the department probably couldn't have won convictions if it tried, say prosecutors.
The U.S. government's landmark case against HSBC Holdings Plc for knowingly turning a blind eye to financial crime is seemingly fated to end much as it began: complex and messy.
The chief of investigations for the Manhattan District Attorney will depart for private practice after 18 years with the office, according to an internal memorandum.
A Dutch bank has agreed to pay $619 million to settle claims that it intentionally helped move more than $2 billion through the U.S. financial system in violation of sanctions against Cuba and Iran
The Manhattan District Attorney's Office has opened dozens of financial crime investigations since the 2010 formation an internal team that reviews suspicious activity reports, a New York official said Monday.
Instances of cybercrime and identity theft in New York City rose 50 percent over the past five years, while some municipal precincts are citing the violations more than any other crimes.
The Manhattan District Attorney's Office has launched an initiative to review regulatory suspicious activity reports in tandem with a broad outreach to banks, the agency's top official said Tuesday.
One of the United Kingdom's largest banks has agreed to pay nearly $300 million to settle charges with U.S. and New York authorities that it stripped payment information from wire transactions to do business with countries on U.S. sanctions lists, according to court documents released Monday.
The chief investigator of sanctions violations at Lloyds TSB Bank and Credit Suisse speaks with Editor-in-Chief Kieran Beer about the unprecedented penalties and the need for federal beneficial ownership legislation.
A nearly $540 million fine against Credit Suisse AG for facilitating illicit transactions for Iran is sending a message to the financial industry: large sanctions penalties are here to stay.
Investigations against at least nine foreign banks accused of violating U.S. sanctions will soon result in deferred prosecution agreements with some of the financial institutions, Manhattan's district attorney said Tuesday.
Shell companies created in the United States under lax incorporation laws are allowing sanctioned countries to engage in illicit activities, according to three law enforcement officials testifying before a U.S. Senate panel Thursday.
Departing Manhattan District Attorney Robert Morgenthau will leave behind a legacy of tackling complex money laundering cases, at times through the use of unusual legal strategies, say legal experts.
Lloyds TSB Bank Plc. has agreed to pay the United States $350 million to settle charges that it hid wire transfers with blacklisted companies, the largest sanctions-related penalty to date.
