US regulators impose penalties to resolve money laundering probes
Oct 10 (Reuters) -Canada's TD Bank TD.TO agreed to pay a combined $3 billion in penalties on Thursday as part of a settlement with U.S. authorities over charges it failed to monitor and prevent money laundering.
The issue highlights a recurring challenge in the financial industry. Intermediaries like banks are required to prevent the flow of funds for illicit activities, but in some cases, they have failed to detect crimes because of inadequate compliance systems or huge transaction volumes.
Here is an overview of some of the largest penalties imposed by U.S. regulators to resolve money laundering probes in the last decade:
BINANCE:
Binance chief Changpeng Zhao stepped down in November 2023 and pled guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange.
DANSKE BANK DANSKE.CO:
Denmark's Danske Bank DANSKE.CO agreed to pay more than $2 billion in January 2023to end probes into anti-money laundering failures as part of a guilty plea. The payout was divided between theU.S. government and Danish authorities.
SOCIETE GENERALE SOGN.PA:
France's Societe Generale committed to pay $1.4 billion in 2018 to settle investigations into its handling of dollar transactions in violation of U.S. sanctions against Cuba and other countries, and a separate dispute over anti-money laundering regulations.
GOLDMAN SACHS GS.N:
Goldman Sachsagreed to pay $2.9 billion over its role in Malaysia's 1MDB corruption scandal in 2020. The settlement with the U.S. Department of Justice and other U.S. and overseas regulators resolved a probe into the role its bankers played in helping steal cash from the Malaysian state fund, which Goldman helped raise.
STANDARD CHARTERED STAN.L:
Standard Chartered settled on paying $1.1 billion to U.S. and British authorities in 2019 for conducting illegal financial transactions that violated sanctions against Iran and other countries.
The bank also paid U.S. authorities $667 million in 2012 for illegally moving millions of dollars through the U.S. financial system on behalf of customers in Iran, Sudan, Libya and Myanmar.
DEUTSCHE BANK DBKGn.DE:
Deutsche Bank agreed to pay $630 million in fines to U.S. and UK regulators in 2017, for failing to prevent around $10 billion in suspicious trades being laundered out of Russia.
COMMERZBANK CBKG.DE:
Commerzbank agreed to pay U.S. authorities $1.45 billion in 2015 to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money laundering controls.
BNP PARIBAS BNPP.PA
France's banking giant BNP Paribas paid nearly $9 billion to settle a review from U.S. authorities in 2014. It pled guilty to violations of certain laws regarding economic sanctions against certain countries and related record-keeping.
HSBC HSBA.L:
HSBC consented to pay a $1.92 billion fine to settle a multi-year probe by U.S. prosecutors in 2012. It was accused of failing to enforce rules designed to prevent the laundering of criminal cash.
Source: Company statements, Reuters stories
Reporting by Manya Saini and Niket Nishant in Bengaluru, editing by Lananh Nguyen and Devika Syamnath
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
