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FDIC Agrees to Settlement in Operation Choke Point Lawsuit

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.

By | 2019-05-31T01:59:46+00:00 |Compliance, Financial, Governments|0 Comments

Does Greed Drive Deutsche Bank And Other Banks Not To File Suspicious Activity Reports?

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?

By | 2019-05-31T01:50:03+00:00 |Compliance, Financial|0 Comments

California Senate votes to allow banks, credit unions to accept marijuana retailer deposits

The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept cash deposits from cannabis retailers. The 35-1 vote would allow banks to issue special checks to the retailers that could be used for certain purposes, including paying taxes or California-based vendors.

By | 2019-05-31T01:40:53+00:00 |Financial, Governments|0 Comments

Standard Chartered agrees to pay a USD1.1 billion fine for AML & Sanctions violations

On 9 April 2019, the London based global financial institution, Standard Chartered (the ‘Bank’) agreed with the UK and US regulators to pay a combined USD1.1 billion fine for failings in its Anti-Money Laundering (AML) controls and for violations of its obligations under the US sanctions regime.

By | 2019-05-31T01:21:15+00:00 |Financial, International|0 Comments

November 12-15, 2019 – IMTC WORLD 2019 – Miami Beach, FL

Our largest IMTC Conference made its home in Miami, which offers people from, North America, Latin America, the Caribbean and Europe, an attractive and inexpensive travel destination. Every year more attendees from Middle East, Asia & Africa are attending after attending our smaller regional events.

By | 2018-12-03T04:11:32+00:00 |Events|0 Comments

September 24-26, 2019 – IMTC AFRICA 2019 – Lagos, Nigeria

Lagos is Africa ‘ s leading city as the most populous on the African continent one of the fastest growing cities in the world and also one of the most populous urban agglomerations.ith close to 20 million people and the major financial centre in Africa;

By | 2018-12-03T04:07:29+00:00 |Events|0 Comments