Banking and Finance

A Colossal Multi-Billion Dollar Money Laundering Scandal Showed Deficiencies in AML Procedures 3

A Colossal Multi-Billion Dollar Money Laundering Scandal Showed Deficiencies in AML Procedures

Ballard Spahr – This week Danske Bank released a report detailing the results of its much anticipated internal investigation into allegations of money laundering perpetrated in its Estonian branch. The results of the investigation dwarfed even the …

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Citibank's Ice-Breaking $23 Million Settlement in Libor Class Action 8

Citibank’s Ice-Breaking $23 Million Settlement in Libor Class Action

Bilzin Sumberg – Citibank, N.A. has asked a federal district court to bless its $23 million settlement in a class action lawsuit alleging a wide-ranging conspiracy among banks to fix yen-denominated London Interbank Offered Rates (LIBOR) …

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