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U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

In a public appearance at the National Press Club yesterday, U.S. Attorney General Eric Holder said that he has given federal prosecutors a 90-day deadline to evaluate whether they can bring civil or criminal cases against any individuals for their role in the 2008 financial crisis. Holder stated that federal prosecutors ... Read More »

Supervision on bankers: banker’s oath and disciplinary law versus civil law

Supervision on bankers: banker’s oath and disciplinary law versus civil law

Additional supervision on the financial sector Various media recently reported on negative advice from the Council of State from 3 September 2014 in relation to a legislative proposal from the Minister of Finance, Jeroen Dijsselbloem. The minister’s proposal to (legally) impose disciplinary law on the financial sector was rejected by ... Read More »

Federal Government continues to target bank compliance programs

Federal Government continues to target bank compliance programs

The U.S. Treasury Department announced yesterday that Bank of America Corp’s banking unit agreed to pay $16.6 million to resolve allegations that it processed hundreds of transactions for drug traffickers who are subject to U.S. sanctions. The Office of Foreign Assets Control (OFAC) reported that the bank processed about 200 transactions totaling ... Read More »

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