Upcoming Webinar
Recent AML Enforcement Actions: Compliance Lessons Learned
Time: 11:00 AM – 12:00 PM EST | 4:00 PM – 5:00 PM (London)
5:00PM – 6:00PM (Amsterdam)
Earlier this year, the Office of the Comptroller of the Currency (OCC) slammed Bank of China’s New York Branch with a 12.5 million dollar fine plus a very far reaching Consent Order. Earlier, for willful violations of several provisions of the BSA, the Financial Crimes Enforcement Network (FinCEN) hit Merchants Bank of California with a $7 million penalty for willful violations of the BSA.
In this fast-paced one-hour course, we’ll dive into these recent cases and more. Our expert will take you through all the major cases and the lessons you and your compliance team must learn to avoid a hefty penalty and do your job well.
In this webinar, you will learn:
- The Enforcement Action Process and help to convey an awareness of the laws and regulations related to the Enforcement Action Process;
- Learning the Dollar, and other costs of non-compliance;
- Explain how a civil money penalty is determined;
- How to ensure that your management team and directors understand the severity of non-compliance;
- Lessons that you can apply to protect you institution.
Enforcement Actions that will be covered:
- United Bank of Switzerland
- Bank of China
- Merchants Bank of California
- Dwayne Bair Former Director of First National Bank of Edinburg Texas
- Edward Fitzgerald Former President of The National Republic Bank of Chicago
- Sigue Corporation and Sigue LLC
NoMoneylaundering webinars conduct audience polls that will give you vital benchmarking data so you can measure your anti-money laundering compliance against others.
Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.


60 minutes
Anna Sayre, Legal Content Writer, SanctionsAlert.com
This Live Webinar is Included in the NoMoneyLaundering.com Membership. NoMoneyLaundering.com Members will receive an email with log in details one day before the Webinar. These are also posted on the NoMoneyLaundering.com Platform. After the Live Webinar, NoMoneyLaundering.com Members can also view this webinar on-demand on our Platform.