Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
Reported by: Richard Vanderford A U.S. unit of South Korea’s Shinhan Financial Group has agreed to bolster the oversight of its anti-money-laundering program as part of a settlement with the Federal Deposit Insurance Corp. Shinhan Bank America, which operates bank branches in the U.S., agreed to ensure that its AML program was sufficiently capable of combating the […]