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BS(A) strikes again

By on December 18, 2020

first_imgWhat would happen to your credit union if federal regulators and prosecutors determined that over a five year period you processed over 30 million remittances to Mexico, assigned two employees to monitor these transactions, filed a total of 9 SARS, ignored employee concerns that you were violating federal law, and then admitted to “willfully violating” The Bank Secrecy Act? I’ll tell you what would happen: Your credit union would be out of business, your top executives would be banned from the industry, and you might even find yourself on the front page of the Wall Street Journal. After all, Bethex Federal Credit Union no longer exists.Unfortunately evidence suggests that the same rules don’t apply to the largest institutions. Yesterday the justice department announced that it was entering into a non-prosecution agreement with Banamex USA, a subsidiary of Citigroup, to settle claims that it violated the Bank Secrecy Act from 2007-2012 by facilitating remittance transfers to Mexico without complying with some of the most basic requirements of the Bank Secrecy Act. The price of its “get-out-of-jail free” card is $97.4 million. This is in addition to the earlier fines paid to the FDIC. Citgroup has also announced that it was shutting down the offending bank’s operations- better late then never, I guess.The bank’s intentional oversight had real live consequences as the Non Prosecution agreement explains. “As a result of these compliance program failures, BUSA failed to file suspicious activity reports (“SARs”) on suspicious remittance transactions to Mexico that fit typologies consistent with illegal activity, such as human smuggling, fraud, and drug trafficking.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Alex Iwobi mocks Rennes defender Hamari Traore ‘for having smelly breath’ during Arsenal’s Europa League win

By on October 18, 2020

first_imgAlex Iwobi mocks Rennes defender Hamari Traore ‘for having smelly breath’ during Arsenal’s Europa League win Metro Sport ReporterThursday 14 Mar 2019 10:36 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.6kShares Rennes were physical throughout the game in an attempt to disrupt Arsenal and when asked about their approach, Aubameyang said: ‘Rennes were a bit nervous and angry as well.‘But that’s football sometimes and it can happen like that.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityUnai Emery, meanwhile, is pleased with his side’s response following their defeat in France.‘It was a good evening, 3-0 is good for us,’ said the Arsenal manager.‘We had chances to score the fourth goal and be more calm. I’m very proud of the supporters and players. We worked very well this week. We can be happy.‘We were very competitive over 90 minutes but can do better. We could have had more control of the ball. It’s easy to say here instead of on the pitch.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Alex Iwobi mocked Hamari Traore during Arsenal’s win over Rennes (BT Sport)Alex Iwobi delivered the perfect response following a bust-up with Rennes defender Hamari Traore during Arsenal’s Europa League victory.The Gunners were chasing a 3-1 defeat from the first leg but two goals from Pierre-Emerick Aubameyang and Ainsley Maitland-Niles’ effort sealed a 3-0 victory for Unai Emery’s side, who have now secured a place in Friday’s Europa League quarter-final draw.But Arsenal were fortunate to not see Alex Iwobi sent off late on for kicking Traore in an incident off the ball.The Rennes defender angrily confronted Iwobi but as the two went face to face to speak to each other, the Arsenal midfielder started to hold his nose before walking away from the situation.AdvertisementAdvertisementADVERTISEMENTTraore was booked for the foul, but Iwobi could face further punishment as the Latvian referee Andris Treimanis missed the Arsenal midfielder’s kick off the ball.Iwobi saying his breath stinks I can’t breath. 😭 pic.twitter.com/xLhq5bEtSS— Matthew Pincus (@afcmatthew) March 14, 2019 Comment Advertisement Advertisementlast_img read more

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