We’ve heard it so many times: the Miscellaneous Receipts Act prohibits federal enforcement agencies from doing anything with settlement money other than depositing 100% of it in the U.S. Treasury.
Entries in U.S. Treasury (8)
The U.S. Treasury Department said Wednesday it has fined Network Hardware Resale LLC, a global telecommunications and networking equipment provider, nearly $65,000 for allegedly violating U.S. sanctions against Sudan and Iran between 2008 and 2011.
More than 77,000 foreign banks and other financial institutions agreed to share information about U.S. account holders with the Internal Revenue Service as part of a crackdown on offshore tax evasion, the Treasury Department said Monday.
U.S. regulators are investigating Charles Schwab and Bank of America's Merrill Lynch brokerage over whether they are doing enough to verify their clients' identities as part of their anti-money laundering programs.
The U.S. Treasury Department announced its settlement with the Dutch company CWT B.V., fining it nearly $6 million for apparent violations of U.S. trade sanctions against Cuba.
The U.S. Treasury Department has notified a former compliance chief at MoneyGram International Inc. that he may face a fine of up to $5 million over the money-transfer company's previously admitted failures to monitor transactions properly for illicit activity.
The U.S. Treasury's Office of Foreign Asset Control (OFAC) designated three people and a business Thursday for sanctions for facilitating public corruption and threatening Zimbabwe's democratic institutions.
A new wind may be blowing at the DOJ. Its tentative deal with JP Morgan indicates a willingness to take a tougher attitude on remediation. The DOJ is asking for a big payment, $13 billion, but the really big news is that DOJ reportedly hasn't dropped the criminal investigations and will require the bank to admit wrongdoing.