Bloomberg Law
April 6, 2018, 1:54 PM UTC

Q1 Ends with Record $1B in Federal Anti-Money Laundering Penalties and Forfeitures

In the first quarter of 2018, the Department of Justice, federal banking regulators, and FinCEN concluded two major enforcement actions with almost $1 billion in forfeitures and penalties, the highest ever annual total for federal authorities. These and additional smaller enforcement actions sent an unequivocal message that federal authorities are serious about enforcing U.S. AML laws and regulations.

[caption id="attachment_73965" align="alignnone” width="826"][Image "" (src=https://biglawbusiness.com/wp-content/uploads/2018/04/aml-actions.png)]Source:Bloomberg Lawas of March 31, 2018[/caption]


  • Monetary penalty actions concluded in January-March have been consistent with the pace of enforcement actions in 2015-17.


  • In January, the New York Department of Financial Services (New ...





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