Financial Crime Financial Crime

Comment: Israeli bank's $904 million in penalties show compliance risks regional banks face abroad

By Richard Vanderford
  • 05 May 2020 17:48
  • 05 May 2020 17:48
Bank Hapoalim last week agreed to pay $904 million to resolve money laundering and tax evasion cases, offering another example of the heightened risk that large regional banks can face when their ambition outstrips their compliance.

Federal prosecutors in New York yesterday announced two separate settlements that both originate in the bank's compliance

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