On May 23, Congress passed a bill to revise Dodd-Frank to reduce regulatory burdens on banks. Just as with the original Dodd-Frank Act, the real work will have to be done by the banking agencies and thus months will have to...more
On March 5, 2018, the Fed’s new Vice Chairman for Supervision, Randal Quarles, spoke at the Institute of International Bankers annual conference. He wanted to express his thoughts on the appropriate regulatory environment for...more
Last week, the DFS announced an enforcement action and charges against the NY Branch of Habib Bank, a Pakistani bank that had been doing business in NY for almost 40 years....more
9/2/2017
/ Anti-Money Laundering ,
Banks ,
Cease and Desist ,
Civil Monetary Penalty ,
Consent Order ,
Department of Financial Services ,
Enforcement Actions ,
Foreign Banks ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Pakistan ,
Terrorist Financing