White Collar Crimes, Financial Institutions, Settlement Agreements

Important Sanctions Compliance Lessons from OFAC’s $11.8m Settlement with Interactive Brokers

Stankie Law on 7/21/2025

On July 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Interactive Brokers LLC (“Interactive Brokers”) violations of multiple U.S. sanctions...more

Financial Daily Dose 11.16.2020 | Top Story: PNC Financial Reaches $11.6B Deal to Buy BBVA American Operations

Robins Kaplan LLP on 11/16/2020

Pittsburgh-based PNC Financial Services Group has reached a deal worth some $11.6 billion to buy the U.S. operations of BBVA, a Spanish lender. The mash-up, “one of the biggest banking deals since the 2008 financial crisis,”...more

UK Bank Agrees to Pay $4 Million to Settle OFAC Sudanese Sanctions Violations

The Volkov Law Group on 9/25/2019

Last week, British Arab Commercial Bank (BACB), located in the United Kingdom, agreed to settle an OFAC enforcement action for $4 million. ...more

Deutsche Bank Settles FCPA Case with SEC for $16 Million for Hiring Relatives of Public Officials

The Volkov Law Group on 9/5/2019

If there ever was a poster-child for reputational damage for a financial institution, Deutsche Bank would be the first and only candidate. Talk about a bank that is in trouble and continues to fall under government scrutiny....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 10/5/2018

Blink, and it’s Jobs Report Friday again. Where does the time go? Here’s what we’re watching for in the numbers....more

Your daily dose of financial news - The Brief – 8.30.16

Robins Kaplan LLP on 8/30/2016

And after all the sturm und drang surrounding the Hershey Trust and the Mondelez buyout offer over these past few months . . . it’s over. Mondelez announced yesterday that it’s no longer seeking to acquire the Hershey...more