In July 2024, the Federal Bureau of Investigation and Department of Treasury’s Financial Crime Enforcement Network and Office of Foreign Assets Control (OFAC) released a joint notice discussing how Mexican-based Transnational...more
8/1/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cartels ,
Compliance ,
Drug Trafficking ,
FinCEN ,
Fraud ,
Hospitality Industry ,
Internal Investigations ,
Jurisdiction ,
Mexico ,
Office of Foreign Assets Control (OFAC) ,
Opioid ,
Personally Identifiable Information ,
Privacy Policy ,
Real Estate Market ,
Regulatory Oversight ,
Timeshare
Bank mergers and acquisitions are becoming a regular part of life in the banking industry, especially for smaller and medium-sized organizations. They provide significant opportunities for institutions to expand their...more
1/18/2023
/ Acquisitions ,
Anti-Money Laundering ,
Audits ,
Banks ,
Compliance ,
Consumer Protection Laws ,
Financial Crimes ,
Financial Institutions ,
FinTech ,
Infrastructure ,
Integration ,
Investment ,
Know Your Customers ,
Lending ,
Mergers ,
Penalties ,
Regulatory Standards ,
Risk Assessment ,
Risk Management
Recently, several financial technology (“Fintech”) organizations have applied for – and been granted – banking charter licenses. For example, in May 2019, Grasshopper was approved for a charter issued by the Office of the...more