Mark S. Cohen and Jonathan S. Abernethy, partners at Cohen & Gresser, and Elizabeth F. Bernhardt, counsel at the firm, write that in three prominent enforcement actions in 2012 - against ING, Standard Chartered Bank and HSBC - prosecutors and regulators extracted massive fines for conduct ranging from intentional concealment of illicit transactions to ineffective monitoring.
2012 Saw an Increase in Enforcement Against Banks
New York Law Journal
February 11, 2013
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