Financial Fraud Law

Recent Posts

JPMorgan’s $1.7 Billion Payment to Go to Madoff Victims
Posted on 7 Jan 2014 by Steven A. Meyerowitz

One of the very interesting aspects of the $2.05 billion settlement reached by J.P.Morgan Chase with federal prosecutors over the bank’s violation of the Bank Secrecy Act for failing to exercise proper oversight of Bernard Madoff’s business... Read More

Tags: Preet Bharara , Bank Secrecy Act , Madoff , financial fraud , BSA , JPMorgan Chase

Money Service Business Shut Down for Sending Wire Transmissions to Yemen without Anti-Money Laundering Controls
Posted on 10 Feb 2014 by Steven A. Meyerowitz

The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty against Saleh H. Adam, doing business as Adam Service, a money services business (MSB), after determining that, since November 2007, Adam Service committed serious and... Read More

Tags: Bank Secrecy Act , FinCEN , Fraud , anti-money laundering , financial fraud law , financial fraud