U.S. Bank Tops Increased Anti-Money Laundering Push in 2018
Bloomberg Law spoke to Peter Hardy, who leads Ballard Spahr’s Anti-Money Laundering practice, about increased enforcement against institutions and the Office of the Comptroller of the Currency’s priorities with respect to the Bank Secrecy Act.
Anti-money laundering deficiencies are regarded by the OCC to be "one of the most significant risks facing banks today," Mr. Hardy said. This year's uptick in enforcement activity "could reflect the OCC reacting to those concerns with concrete action.”
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