- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2022-08-19T15:58:00
The former chief executive officer of Rabobank, N.A. was fined $20,000 by the Office of the Comptroller of the Currency (OCC) last month for his alleged role in obstructing a Bank Secrecy Act (BSA) program examination.
John Ryan, CEO of Rabobank from September 2012 until December 2015, caused a material audit report to not be submitted to the OCC while it was carrying out an investigation at the bank in 2013, the agency alleged. In December 2013, Rabobank agreed to a consent order with the OCC regarding deficiencies in its BSA/anti-money laundering (AML) compliance program. The bank would be fined $50 million by the regulator in 2018 regarding the latter’s findings during that probe.
Ryan’s settlement with the OCC was reached July 28 and announced Thursday.
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2023-04-10T18:54:00Z By Aaron Nicodemus
The Office of the Comptroller of the Currency dismissed an enforcement action and withdrew a fine against the former chief compliance officer for the now-defunct U.S. branch of Rabobank N.A.
2023-04-07T11:00:00Z By Maria L. Murphy
The Financial Accounting Standards Board issued a proposed accounting standards update to improve accounting and disclosures for certain crypto assets.
2022-12-08T19:38:00Z By Adrianne Appel
Rabobank, the second largest bank in the Netherlands, is being investigated by the Dutch Public Prosecution Service for potential violations of the country’s anti-money laundering/countering the financing of terrorism law.
2025-04-22T12:00:00Z
The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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