OFAC issued a Finding of Violation to a Puerto Rico-based international bank for violating Venezuela Sanctions Regulations and OFAC Reporting Regulations.
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The Secretary of the Treasury provided a limited exemption from qualified financial contract recordkeeping requirements to two broker-dealer subsidiaries of a financial services company.
A swap dealer settled CFTC charges for failing to provide certain audio recordings during an investigation.
An investment bank agreed to pay $205 million as part of an agreement with the New York Department of Financial Services to settle claims of "unsafe and unsound" foreign exchange trading practices.
A mortgage banker agreed to pay a $5 million fine to settle charges brought by the New York State Department of Financial Services for failure to develop certain controls and keep records as required under state banking law.