In 2024, FinCEN and the federal bank regulators announced more than three dozen enforcement actions against banks and individuals arising from alleged Bank Secrecy Act (BSA), anti-money laundering ...
On 10/10/24, FinCEN assessed a record $1.3 billion penalty against TD Bank for BSA violations. This unprecedented penalty should function as a cautionary message and a warning to all financial ...
The Office of the Comptroller of the Currency has issued a cease-and-desist order against Bank of America (BAC) for deficiencies related to its Bank Secrecy Act and sanctions compliance programs. The ...