By Maya Lester KC & Michael O’Kane

Industrial Bank of Korea charged with AML failures & concludes DPA with US DOJ

The US Attorney General for the Southern District of New York has announced criminal charges against the Industrial Bank of Korea (IBK) of violating the Bank Secrecy Act by wilfully failing to establish, implement and maintain an adequate anti-money laundering programme at IBK’s New York branch from 2011 to 2014. Conduct The failure to implement an AML programme is said …

IranIran United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

See profile for Michael O'Kane >

Share this page on: