Federal Anti-money Laundering Investigation of a Bank

Daniel Scott Fridman

Case Conclusion Date:August 16, 2011

Practice Area:Criminal Defense

Outcome:Deferred prosecution agreement.

Description:We settled a case with the Department of Justice on behalf of a bank that was being investigated for several years for anti-money laundering compliance violations. The case resulted in a deferred prosecution agreement and a $11 million fine, the second lowest fine a bank has ever received for money laundering violations to date.