According to the settlement agreement, between April 2011 and October 2014, Expedia allegedly violated U.S. sanctions by assisting 2,221 people, some of whom were Cuban nationals, with travel or travel-related services for travel within Cuba or between Cuba and locations outside the United States.
It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
SPARTANBURG, S.C., May 22, 2019 /PRNewswire/ -- Advance America and Check Into Cash announced today that they have reached a settlement with the Federal Deposit Insurance Corporation (FDIC) regarding Operation Choke Point, the FDIC program that pressured banks to cut ties with certain categories of lawful businesses, including payday lenders.
The more information comes out in dribs and drabs about and from Deutsche Bank, I remain convinced that something is truly rotten there. But is that the only bank that has these operational risk management problems?