N.Y. Department of Financial Services Superintendent Linda A. Lacewell Announces Industrial Bank of Korea to Pay $35 Million to New York State
April 21, 2020
April 21, 2020
ALBANY, New York, April 21 -- The New York State Department of Financial Services issued the following news release on April 20:
Superintendent of Financial Services Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) has entered into a consent order with Industrial Bank of Korea (IBK) and its New York branch under which the bank will pay fines totaling $35 million to New York State for violations of New York Bank Secrecy Act (BSA) and Anti-Mon . . .
Superintendent of Financial Services Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) has entered into a consent order with Industrial Bank of Korea (IBK) and its New York branch under which the bank will pay fines totaling $35 million to New York State for violations of New York Bank Secrecy Act (BSA) and Anti-Mon . . .