WASHINGTON — The Financial Crimes Enforcement Network announced Friday a $15 million civil penalty against New York City-based Shinhan Bank America for willful violations of the Bank Secrecy Act ...

Shinhan Bank America, a New York-based subsidiary of one of South Korea’s most important financial groups, entered into settlements with the U.S. Treasury Department’s Financial Crimes ...

Shinhan Bank America was fined $15 million by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for willfully violating the BSA by failing to implement and maintain an effective ...

Shinhan Bank America (“Shinhan”), a New York-based subsidiary of a Korean bank, faced coordinated enforcement actions on September 29 from the Financial Crimes Enforcement Network (“FinCEN ...

On September 29, the Financial Crimes Enforcement Network (“FinCEN”) entered into a consent order with Shinhan Bank America (“SHBA”), which imposed a $15 million dollar civil penalty ...

Shinhan Bank America, the US unit of South Korea’s Shinhan Bank, has been released from an injunctive order by the US government that subjected it to heightened scrutiny under its anti-money ...

Shinhan Bank, SCB TechX, and an unnamed financial institution in Taiwan have announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot, according to a release.