Sentences with phrase «civil monetary penalty arising»
DFS Superintendent Maria T. Vullo announced that Intesa and its New York branch will pay a $ 235 million civil monetary penalty arising from certain weaknesses in the bank's current AML controls identified in an investigation conducted by an independent consultant, as well as identified AML deficiencies from the 2005 — 2006 period and non-transparent payment activity undertaken in the 2002 — 2006 period.
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Potential penalties include criminal fines, civil «administrative monetary penalties» or «AMPs» (essentially civil fines), imprisonment, damages (or settlements) arising from private civil actions and court orders (injunctions or prohibition orders) to stop or modify conduct.