Resolution of U.S. Agency Inquiries
Resolution of U.S. Agency Inquiries Today, September 29, 2023, Shinhan Bank America reached agreements with Federal Deposit Insurance Corporation (“FDIC”), New York State Department of (“NYS DFS”), and FinCEN to resolve inquiries focused on the Bank’s anti-money laundering (AML) compliance program. We have taken these matters seriously and we are pleased that this cooperative process…