Anti-Money Laundering Enforcement at the U.S. DOJ: Emphasizing Individual Accountability
Author: Helen V. Cantwell.; Meryl Holt Silverman.; Elizabeth Costello.
Source: Volume 35, Number 04, April 2019 , pp.47-53(7)
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Abstract:
Recent much-discussed trends in BSA/AML matters are an increased focus on the prosecution of individuals and a drop in the number of corporate criminal cases. The authors note these trends and then describe DOJ’s evolving approach to AML enforcement from institutional responsibility to individual accountability. They discuss the cases that represent the new normal for holding individual wrongdoers liable and the deprioritization of corporate penalties for institutional BSA/AML failures.Keywords: MoneyGram; Merchants Bank of California; Rabobank
Affiliations:
1: Debevoise & Plimpton LLP; 2: Debevoise; 3: Debevoise.