AML BSA and Sanctions Compliance Part II of II June 24, 2014

more+
less-
The Department of Justice and the Treasury Department have stepped up AML/BSA and Sanctions Enforcement. With the ever-increasing expansion and modification of sanctions, risks for all businesses, not just financial institutions, have increased exponentially.

DOJ and the Treasury Department have warned banks and financial institutions to increase AML/BSA compliance efforts. In addition, DOJ and OFAC have aggressively prosecuted companies for See more +

The Department of Justice and the Treasury Department have stepped up AML/BSA and Sanctions Enforcement. With the ever-increasing expansion and modification of sanctions, risks for all businesses, not just financial institutions, have increased exponentially.

DOJ and the Treasury Department have warned banks and financial institutions to increase AML/BSA compliance efforts. In addition, DOJ and OFAC have aggressively prosecuted companies for failure to comply with sanctions. See less -

Embed Video

Copy

Topics:  Anti-Money Laundering, Bank Secrecy Act, Compliance, DOJ, Enforcement, Enforcement Actions, OFAC, U.S. Treasury

Published In: Criminal Law Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Michael Volkov, The Volkov Law Group | Attorney Advertising