- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
India-based Karnataka Bank announced the appointment of Vinaya Bhat P.J. as chief compliance officer.
Bhat has more than 27 years of experience in the banking sector, having held various positions in departments including treasury, accounts, credit sanctions, and credit marketing.
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The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor over $1 trillion worth of customer transactions.
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
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