News & Analysis as of

White Collar Crimes Penalties Banks

Cozen O'Connor

Société Générale’s $1.34 Billion Penalty Highlights the Importance of a Robust Compliance Function

Cozen O'Connor on

On November 19, 2018, the Paris-based bank Société Générale SA announced that it has agreed to pay a total of $1.34 billion in penalties as part of its settlement with federal and state authorities to resolve U.S. sanctions...more

Thomas Fox - Compliance Evangelist

JPMorgan Sons and Daughters FCPA Enforcement Action, Part III-St. Mark’s Revealed

This week I am exploring the JP Morgan Chase (JPM) and its subsidiary, JPMorgan Securities (Asia Pacific) Limited (JPM-APAC), (collectively ‘the company’) Foreign Corrupt Practices Act (FCPA) enforcement action which...more

Thomas Fox - Compliance Evangelist

JPMorgan Sons and Daughters FCPA Enforcement Action: Part I – Venice and Fog

JP Morgan Chase (JPM) and its subsidiary, JPMorgan Securities (Asia Pacific) Limited (JPM-APAC) resolved its Foreign Corrupt Practices Act (FCPA) matter last week, obtaining a Non-Prosecution Agreement (NPA) from the...more

Troutman Pepper

What Are the Drastic Ramifications of the New York State Anti-Money Laundering Actions and Penalty Enforcement?

Troutman Pepper on

Recent actions by the state of New York Department of Financial Services (NYDFS) regarding anti-money laundering (AML) fines and other sanctions imposed should cause financial institutions and their advisors to take notice,...more

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