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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Reduce Risk Posed by Financial Aggregators and Cyber Attacks 5

Reduce Risk Posed by Financial Aggregators and Cyber Attacks

Winthrop & Weinstine – Has your banking organization conducted its annual review of its electronic banking agreements? If you haven’t, your organization may want to consider whether revisions are required to your bank’s deposit agreements, online …

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Citibank's Ice-Breaking $23 Million Settlement in Libor Class Action 7

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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