News & Analysis as of

Standard Chartered Bank

Trump’s call to ‘rationalize’ federal financial regulation could threaten U.S. dual banking system

by Thompson Coburn LLP on

As a prelude to “doing a big number on Dodd Frank,” President Trump issued an Executive Order February 3 designating “core principles” of financial regulation, which include a directive to “rationalize the Federal financial...more

The OCC confirms special purpose national bank charters for fintech companies

by DLA Piper on

In public remarks at the Georgetown University Law Center on December 2, 2016, the Comptroller of the Currency, Thomas J. Curry, announced that the Office of the Comptroller of the Currency (OCC) will move forward special...more

Your daily dose of financial news - The Brief – 9.27.16

by Robins Kaplan LLP on

We learned yesterday that Twitter’s shopping itself around for a buyer. It’s facing one big complication, though—the sizeable amount of stock Twitter has doled out to its employees over the years. Last year, for example,...more

Good-Bye to Wyatt Earp and More on 1MDB

by Thomas Fox on

Wyatt Earp died this week. Not the original Wyatt Earp who died in 1929 but the Wyatt Earp of my lifetime, who was actor Hugh O’Brian. O’Brien portrayed Earp in the long running television series Wyatt Earp which ran in the...more

Translating the success of UK fintech measures to the US

by White & Case LLP on

The successful growth of fintech within a region depends on myriad factors, but an unquestionably material one is the regulatory environment. Regulatory regimes that foster innovation and exercise oversight in a purposeful,...more

DOJ Fraud Section Retains Hui Chen as Compliance Counsel Expert

by Morgan Lewis on

Chen brings important industry experience to the role. The Department of Justice (DOJ) Fraud Section has retained Hui Chen as a “full-time compliance expert.” Ms. Chen comes to the position with compliance counseling...more

Standard Chartered To Pay $300M To Settle AML Charges in New York

by Ballard Spahr LLP on

For the second time in two years, Benjamin Lawsky, the Superintendent of the New York State Department of Financial Services (DFS), has settled another matter with Standard Chartered Bank for alleged “anti-money laundering...more

‘You Scratch My Back’ Leads To A Fine And Penalty

by Thomas Fox on

The above lyrics are the closing stanza to the song “Ghost Riders in the Sky”. I thought about the advice for the cowboy to change his ways to save his soul from Hell when I read in both the Financial Times (FT) and the Wall...more

Banking & Finance Litigation Update - Issue 65 (European Union)

by DLA Piper on

In This Issue: - Domestic Banking - Domestic General - European Banking - European General - International Banking - International General - Press Releases - Case Law - Excerpt from...more

Climbing Everest And Your Compliance Process

by Thomas Fox on

What is your compliance process? I thought about that question when I read an article in this month’s National Geographic Magazine entitled “Maxed Out on Everest” by Mark Jenkins....more

Why Eat Your Words When You Can Eat a Peach?

by Thomas Fox on

Taken to the woodshed or when should a company have to eat its own words? Remember when President Reagan’s Director of the Office of Management and Budget, David Stockman, was ‘taken to the woodshed’ by White House Chief of...more

Wire Stripping: What is Old is New Again

by Miller Canfield on

Recently, Standard Chartered Bank (SCB) was in the news again for stripping original wire details so that payments would go undetected by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC)....more

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