Nov 27, 2024 · U.S. regulators fined TD Bank nearly $3.1 billion for allowing three separate money laundering schemes to funnel more than $670 million in dirty money through its network. Perhaps the worst part of all this was that the regulators hadn’t been investigating TD Bank, but rather stumbled onto the money laundering scheme while investigating a Mexican drug cartel.

Dec 31, 2024 · As Donald Trump begins his transition to become president, there are questions about the fate of tech companies, as well as regulators from multiple administrations. Google in particular is fighting a high-profile antitrust ruling after an investigation started by Trump in 2020 could be resolved in his next administration.

Feb 3, 2025 · A fine by the Consumer Financial Protection Bureau (CFPB) against the U.S arm of London-based foreign exchange company Wise could be one of the agency's final actions as a new regulatory regime reportedly froze rules and litigation amid calls for defunding.

Sep 13, 2024 · TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau (CFPB) said.

Jan 22, 2025 · Walgreens skimped on compliance and filled millions of prescriptions for narcotics that weren’t medically necessary, the Department of Justice (DOJ) alleged in a complaint against the company, first brought by four whistleblowers. The U.S. has been in the grip of a massive opioid addiction ...

Earn CPE Credit with Compliance Week. Compliance Week is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors.State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Nov 13, 2024 · Paragon Systems, a Virginia-based security contractor, and a subsidiary will pay nearly $54 million to resolve allegations that its corporate executives–including its compliance manager–conspired to win Department of Homeland Security contracts by creating fraudulent small business front companies.

Oct 20, 2023 · New York-based Metropolitan Commercial Bank was assessed nearly $30 million in penalties by federal and state banking regulators for failing to properly oversee a third-party program manager whose prepaid cards were a popular target of …

News Brief Wells Fargo agrees with OCC to shore up BSA/AML, sanctions program deficiencies. 2024-09-13T15:37:00+01:00 By Aaron Nicodemus. The Treasury Department’s Office of the Comptroller of the Currency ordered Wells Fargo to make “comprehensive corrective actions” to its Bank Secrecy Act/anti-money laundering and U.S. sanctions programs, along with receive permission from the OCC to ...

Dec 5, 2024 · KPMG report on regs in 2025: Use data analytics to predict, respond to Trump administration changes. By Aaron Nicodemus 2024-12-05T15:51:00