October 13, 2026 Third-Largest Penalty in Treasury History; Largest in OCC History (Originally published via: https://home.treasury.gov/news/press-releases/sb0657/) WASHINGTON—Today, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America (“the Bank”), the second-largest bank in the United States, for violations of anti-money laundering and sanctions laws.  These actions […]

Reported by Luke Cass, Audrey Karman, Ian P O’Keefe, Womble Bond Dickinson (US) LLP (Excerpt shared below. To read full report, go to: https://natlawreview.com/article/doj-signals-aggressive-new-approach-fraud-prosecutions?amp) Attacking Fraud from All Angles The Directive instructs prosecutors to “use every available tool to identify the full scope of the fraud schemes” and to “identify and hold accountable all persons and entities that […]