Anti-Money Laundering


The New York State Department of Financial Services Fines Italian Intesa Sanpaolo S.p.A. Bank $ 235 Million Anti-money laundering & Sanctions Violations

The New York Department of Financial Services (DFS) has published its decision to fine Italian financial giant Intesa Sanpaolo $ 235 Million for repeated anti-money laundering and sanctions violations. The misconduct included processing numerous suspicious transactions involving shell companies through the New York branch and deliberately concealing information from Bank Regulators.