Israel Discount Bank of New York Gets Fined by the Financial Crimes Enforcement Network (FinCEN): "The Financial Crimes Enforcement Network (FinCEN), Federal Deposit Insurance Corporation (FDIC), and the New York State Banking Department (NYSBD) today announced the assessment of civil money penalties of $12 million against Israel Discount Bank of New York for violations of federal and state anti-money laundering laws and regulations. This is in addition to the $8.5 million already paid to the New York District Attorney's Office pursuant to an agreement reached with the bank in December 2005. Israel Discount Bank of New York, without admitting or denying the allegations, consented to payment of the civil money penalties"
Tuesday, October 31, 2006
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment