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NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts
  • Proskauer Rose LLP
  • USA
  • December 6 2016

A sharply divided New York Court of Appeals recently held that defendants who allegedly made intentional and repeated use of New York correspondent

Analysis of OCC’s Fintech Charter Proposal
  • Hudson Cook LLP
  • USA
  • December 7 2016

On Friday, December 2, 2016, the Office of the Comptroller of the Currency (“OCC”) published its long-awaited

Lloyds TSB Bank plc forfeits $350 million in settlements with U.S. and New York prosecutors for violations of OFAC sanctions programs against Iran, Sudan and Libya
  • Schulte Roth & Zabel LLP
  • USA
  • February 4 2009

On Jan. 9, 2009, Lloyds TSB Bank Plc (“Lloyds Bank”), a financial institution registered and organized in the United Kingdom and headquartered in London, entered into two separate deferred prosecution agreements with U.S. and New York prosecutors (the “Agreements”) and agreed to forfeit $350 million based on allegations that it had violated the Iranian, Sudanese and Libyan economic sanctions programs administered by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”

Civil False Claims Act: recent developments increase possibility of FCA claims against recipients of TARP funds and contractors retained by Treasury for TARP services
  • Fried Frank Harris Shriver & Jacobson LLP
  • USA
  • February 3 2009

A recent FraudMail Alert discussed congressional efforts to compel application of the civil False Claims Act ("FCA"), 31 U.S.C. 3729, et seq., to recipients of funds under the Troubled Asset Relief Program (“TARP”) and Capital Purchase Program (“CPP”) as authorized by the Emergency Economic Stabilization Act of 2008

The OCC Launches Its New FinTech Charter Initiative
  • Pepper Hamilton LLP
  • USA
  • December 6 2016

Whether the long and arduous chartering process, ongoing examination and supervision requirements, substantial capital requirements and limitations

Trump on Trade - Multinational Banks Eyeing Cuba and Iran
  • Baker McKenzie
  • Cuba, Iran, USA
  • December 7 2016

While a candidate and since the election, President-elect Trump has expressed conflicting views about the US sanctions against Cuba and Iran. He has

EU Political Update 05 - 09 December 2016
  • Clifford Chance LLP
  • European Union, USA
  • December 5 2016

A weekly review of political developments in the European Union EU Political Update 05 - 09 December 2016

Lloyds TSB Bank deferred prosecution agreements set record fines for U.S. sanctions violations, expansive reach
  • Alston & Bird LLP
  • USA
  • February 6 2009

On January 9, 2009, Lloyds TSB Bank plc (“Lloyds”) entered into deferred prosecution agreements (DPAs) with the U.S. Department of Justice (DOJ) and the New York County District Attorney’s office (NYDA) as a result of Lloyds’ practice of “stripping” customer information from funds transfer orders involving Iranian and Sudanese banks in violation of U.S. sanctions and New York State criminal law

FinCEN recognizes law enforcement agencies for use of BSA data, holds first-ever law enforcement awards ceremony
  • BuckleySandler LLP
  • USA
  • May 15 2015

On May 12, FinCEN held its first-ever Law Enforcement Awards, recognizing law enforcement agencies that made effective use of BSA data in criminal

Newly Proposed Anti-Money Laundering Regulations in New York Signal Increasing Personal Criminal Liability for AMLBSA Compliance Officers
  • Locke Lord LLP
  • USA
  • December 11 2015

Earlier this month, Governor Andrew M. Cuomo of New York announced newly proposed anti-terrorism and anti-money laundering regulations that impose