Banking Sector, Internal Controls, Corporate Governance

Internal Enforcement and Compliance Surveys: Essential for Organizations in Israel

Barnea Jaffa Lande & Co. on 5/5/2025

In an era of stringent regulations and increasing legal risks, it has become essential for organizations to implement internal enforcement programs. However, in order for such programs to provide legal protection, they must...more

Bank of Italy consults on control and administration system guidelines for crowdfunding service providers

Hogan Lovells on 5/22/2023

On 17 May, the Bank of Italy published a public consultation on the supervisory guidelines for crowdfunding service providers to implement EU Regulation 2020/1503 on European crowdfunding service providers (“CSP”) for...more

OCC Releases Bulletin on Fraud Risk Management Principles

Moore & Van Allen PLLC on 8/1/2019

In the aftermath of sales practices, the Office of the Comptroller of the Currency (OCC) recently published a bulletin on fraud risk management principles that are applicable to all federally chartered financial institutions....more

Cyberattacks, Fraud and Getting to the Root of it All

Mitratech Holdings, Inc on 10/2/2018

Just how many counts of fraud attacks occurred in the first quarter of 2018? These results from ThreatMetrix uncovered some alarmingly high numbers, including...more

AML Compliance Lessons Learned from US Bancorp and Rabobank Enforcement Actions

The Volkov Law Group on 4/19/2018

Global banks have been the focus of enforcement actions, focusing on AML and sanctions violations. With the new beneficial ownership regulations effective May 11, 2018, we are about to see a significant transformation in AML...more

The Long Road Back to Redemption: Wells Fargo’s Path to Remediation (Part II of II)

The Volkov Law Group on 2/14/2018

Wells Fargo’s ability to grow its business is on hold for a year while it designs and implements a remediation program to address deficiencies in its board governance, risk management and compliance program. ...more

Examiners are Carefully Scrutinizing Financial Institutions’ Compensation Arrangements

Ruder Ware on 12/14/2017

It has come to our attention that some examiners have recently been carefully scrutinizing financial institutions’ employee compensation arrangements. Although it now appears unlikely that the proposed Dodd-Frank rules on...more

Observation 3.0: Frequently Asked Questions and Answers on the Volcker Rule and the Implications for Foreign Banks Investing in...

Troutman Pepper on 10/20/2015

1. Question: What is the Volcker Rule, and when does it take effect? Answer: The Volcker Rule was enacted into law as section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank...more

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