Shinhan Bank enforcements a lesson in not prioritizing compliance, Premium

The recent $25 million in combined penalties levied against South Korean-based Shinhan Bank by three U.S. regulators was the culmination of the bank’s failure over an eight-year period to timely correct deficiencies with its anti-money laundering and Bank Secrecy Act processes.

Premium Vector Compliance officer ensuring that the bank is in

FinCEN Announces $15 Million Civil Money Penalty Against Shinhan Bank America for Violations of the Bank Secrecy Act

Asian Legal Business (SE Asia) Jan 2010 by Key Media - Issuu

FinCEN Issues $15 Million Dollar Civil Penalty Against Shinhan Bank America for Alleged Failure to Implement and Maintain Effective AML Compliance Program

Record-Breaking Fines on Banks for KYC/AML Non-Compliance

VIII Conclusions and Lessons in: Financial Sector Crisis and

General Awareness 2015 PDF, PDF, Financial Markets

SEC Enforcement Actions - FasterCapital

FinCEN Issues Alerts for Banking Compliance, Scam Avoidance