U.S. government agencies are reportedly investigating Citigroup’s anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking at the bank’s work for a trust that holds assets owned by Russian billionaire Suleiman...
So what will U.S. antitrust policies look like under the new administration? According to a Reuters report, experts predict Donald Trump will roll back some of the policies instituted under President Joe Biden. This could include abandoning the Justice Department’s (DOJ) efforts to break up...
Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices said during a meeting held Wednesday (Oct. 9). The meeting was convened by the Justice Department’s Civil Rights Division to promote the...
TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will continue its work to remediate them. The bank said this on the day it and...
March 21, 2024
Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said the Department of Justice (DOJ), has “inhibited the creation” of cross-platform, third-party digital wallets, as it has prevented third-party apps from offering tap-to-pay functionality, […]
September 17, 2018
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month...
November 17, 2024
Expect the U.S. government to scale back enforcement of the cryptocurrency sector under the new administration. That was the message Friday (Nov. 15) from current and former senior government attorneys at a conference in New York hosted by the Practicing Law Institute, per a report by Reuters. According to the report, those lawyers said that […]
November 14, 2024
U.S. government agencies are reportedly investigating Citigroup’s anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking...
November 06, 2024
So what will U.S. antitrust policies look like under the new administration? According to a Reuters report, experts predict Donald Trump will roll back some of the policies instituted under...
October 11, 2024
Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices said during a meeting held...
