Professionals 84 results
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Experience 13 results
Experience
|July 23, 2024
Winston Represented FreshEdge in its Acquisition of Frontier Produce
Experience
|July 17, 2024
Winston Represented FreshEdge in its Acquisition of Western Sky Produce
Insights & News 357 results
Investigations, Enforcement, & Compliance Alerts
|September 16, 2024
|7 Min Read
NY DFS Enters Consent Order Requiring Nordea Bank Abp to Pay US$35M
On August 27, 2024, the New York State Department of Financial Services (DFS) entered a Consent Order with Nordea Bank Abp and its New York branch requiring Nordea to pay $35 million within ten days of the Order. DFS’s investigation into Nordea Bank focused on the inadequacies of its Know Your Customer (KYC) and anti-money laundering (AML) policies, practices, and procedures at its banks in Latvia, Lithuania, Estonia, and Denmark—opened after the fall of the Soviet Union. DFS also found that Nordea failed to comply with the federal Bank Secrecy Act. As a result, Nordea was found to have violated 3 N.Y.C.R.R. § 116.2 for failing to maintain an effective and compliant AML program, failing to conduct adequate due diligence in its correspondent bank and Relationship Management Application relationships, and 3 N.Y.C.R.R. § 504.3 by failing to maintain an adequate transaction monitoring system.
Sponsorship
|September 14, 2024
Winston & Strawn Sponsors Inherit the Wind
MaritimeFedWatch
|August 27, 2024
|2 Min Read
Customs Confirms Offshore Wind Foundation Installation Rulings
U.S. Customs and Border Protection confirmed on August 21, 2024 its Jones Act interpretations relating to the installation of foundations for an offshore wind project which it issued last year.
Other Results 15 results
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What Is the Bureau of Ocean Energy Management (BOEM)?
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