Financial institutions face enormous pressures with respect to anti-money laundering compliance. These burdens are about to grow with implementation of customer due diligence rules. In 2017, federal and state regulators stepped up AML enforcement. Here is a quick rundown of some of the enforcement actions: Citibank paid a $70 million penalty to the Office of the Comptroller of the Currency (here) for violating its 2012...
Listen to the Corruption, Crime & Compliance Podcast