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Weekly Roundup: OTS Fines Bank Official $15,000 for BSA Violations, Well-Known Boston Lawyer Indicted on Money Laundering Charges, and More
printIn the same week that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) tied-three months into the year-the total number of civil money penalties it levied for all of 2010, the Office of Thrift Supervision (OTS) fined another individual for anti-money laundering (AML) violations. More On Friday, the OTS said it had fined Pamellia J. Wilson, a senior vice president at Rockville, MD-based Colombo Bank, for failing to file 69 currency transaction reports. In addition to the $15,000 fine, the OTS prohibited her from working as an officer or director at an insured depository institution. The penalty shortly follows...
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President Obama signed a renewal of the Patriot Act into law late Thursday and the U.S. State Department cracked down on international companies for their ties to Iran, in this week's news roundup.
Congressional leaders struck a deal Thursday to reauthorize several controversial powers of the Patriot Act though June 1, 2015, including a provision that allows investigators to seize "tangible" records from financial institutions, the New York Times reported.
Dubai fines the UAE arm of E-Trade, and a source familiar with the U.S. Justice Department investigation of HSBC says that prosecutors may target individual bankers, in this week's news roundup.
The White House targets top Syrian officials for human rights violations as the United Nations mulls naming countries that haven't enforced Libyan sanctions, in this week's news roundup.
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