News & Analysis as of

New York Money Laundering Financial Institutions

Orrick, Herrington & Sutcliffe LLP

CFPB withdraws from remittance provider case, New York State remains as sole plaintiff

On April 7, U.S. SDNY received a consent motion from the CFPB to withdraw as a plaintiff in a case against a money remittance provider company. The CFPB, which initially joined the New York attorney general in the lawsuit,...more

Foley Hoag LLP - White Collar Law &...

NY Department of Financial Services Slaps $30 Million Fine on Robinhood’s Crypto Platform for Lax Anti-Money Laundering Controls

On August 1, 2022, the New York Department of Financial Services (“DFS” or the “Department”) secured its first enforcement win against a cryptocurrency platform, Robinhood’s crypto trading arm Robinhood Crypto, LLC....more

A&O Shearman

Motion To Dismiss Filed In Eastern District Of New York Case Could Provide Opportunity For Clarity On Scope Of FCPA's "Internal...

A&O Shearman on

On November 20, 2020, lawyers for a former investment banker, indicted in the United States District Court for the Eastern District of New York for his alleged role in the 1MDB matter, filed a Motion to Dismiss (“MTD”) the...more

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