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In a harbinger of future enforcement actions surrounding AML compliance program violations,
Capital One was credited $100 million for its 2018 payment to the Office of the Comptroller for AML violations involving its check cashing business unit. The FinCEN enforcement settlement involved conduct from 2008 to 2014 for Capital One’s check cashing business, which it terminated in 2014.
Capital One acknowledged that from 2008 to 2014 that it failed to maintain an effective AML program and to file thousands of suspicious activity reports (SARs) and currency transaction reports (CTRs). FinCEN concluded that these violations were “willful and negligent.”
The factual statement outlines a blatant disregard for laundering of Capital One check cashing business transactions involving organized crime, tax evasion, fraud and other financial crimes. FinCEN labeled these violations as “egregious.”
Israel Police chief Kobi Shabtai, in a file photo from September 28, 2017 (Moshe Shai/Flash90)
Despite a special appointments committee approving the government’s picks for permanent police and prison service chiefs, the forces will continue to be led by interim leaders as disarray within the coalition kept thwarting the appointments even after they had been agreed upon.
The coalition which dissolved earlier this week had been set Friday to give final approval to Border Police commander Yaakov (Kobi) Shabtai’s appointment as Israel’s first full-time police commissioner in over two years, and Katy Perry’s appointment as the head of the Israel Prisons Service.
Vetting panel okays Yaakov Shabtai as next police chief
Eli Senyor |
Published: 12.30.20 , 14:44
The government panel for senior appointments, known as the Goldberg Committee, has approved the candidacy of Yaakov Shabtai as police chief, following his nomination by Public Security Minister Amir Ohana earlier this month. The appointment must now be approved by the cabinet in order to take effect.
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Public Security Minister Amir Ohana holds a press conference in Jerusalem, on July 15, 2020. (FLASH90)
The appointments must now be approved by the cabinet to take effect.
Ohana, whose ministry oversees the police and prisons service, hailed the committee’s approval of the nominees.
“I’ll immediately bring a proposal for government approval and I expect all members to approve them without delay,” he wrote on Twitter.
Ohana also said Shabtai was facing “burning, difficult and urgent problems to deal with” as the designated police chief, without giving further details. The approval of Shabtai’s nomination came amid frequent clashes between police and protesters on a number of issues, including the death of a young settler in a car crash last week while fleeing police after allegedly throwing stones at Palestinians.