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The United States Senate Committee on Banking, Housing and Urban Affairs has made available the testimony of individuals on the first panel of witnesses for its hearing Examining the GAO Report on Expectations of Government Support for Bank Holding Companies held on 31 July 2014.

Published in Financial Integrity

The United States Securities and Exchange Commission (SEC) has announced charges (both dated 30 July 2014) under the Sarbanes-Oxley Act against the following individuals associated with computer equipment company QSGI:

Published in Financial Integrity

The United States District Court for the Southern District of New York has ordered Bank of America Corp (BofA) to pay a US$1.27 billion penalty for fraud. The ruling reportedly relates to a lending program of Countrywide Financial Corporation (Countrywide), which was acquired by BofA in 2008.

Published in Financial Integrity

The United States Department of Justice (DoJ) has announced that convenience retailer QuikTrip has paid more than US$1.5 million in damages to "47 individuals with disabilities who experienced discrimination at QuikTrip gas stations and convenience stores across the country".

Published in Consumer Protection

The US Department of Justice (DoJ) has announced that Hewlett-Packard Co (HP) has agreed to pay US$32.5 million to resolve allegations under the False Claims Act that HP made misrepresentations during the negotiation of a contract with the US Postal Service (USPS).

Published in Government Contracting

The United States Environmental Protection Agency (EPA) has announced that ConAgra Grocery Products Company (ConAgra) has agreed to pay US$5.7 million to reimburse the EPA the costs of cleaning up tannery sludge disposed of by alleged predecessor to ConAgra the AC Lawrence Leather Company into a series of sludge lagoons during 1955 - 1975.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has made available public notices (both dated 28 July 2014) regarding administrative monetary penalties against the following Ontario-based money services businesses (MSBs) for breaching the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations:

Published in Anti-Money Laundering

United States treasury bureau the Financial Crimes Enforcement Network (FinCEN) has issued a notice of proposed rulemaking (23 July 2014) (the NPRM) on customer due diligence (CDD) requirements for financial institutions.

Published in Anti-Money Laundering

The United States Department of the Treasury foreign assets control office (OFAC) has announced that the following companies have resolved breaches or alleged breaches of sanctions regulations:

Published in Anti-Money Laundering

The New York State Attorney General's office (OAG) has made available a joint statement (25 July 2014) by Attorney General Eric Schneiderman and state financial services superintendent Benjamin Lawsky regarding an agreement (25 July 2014) reached with app-based ride-sharing service provider Lyft.

Published in Consumer Protection

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