Regulatory Compliance for Financial Institutions – Industry News

  Citigroup Sees $10 Billion in Annual Bank Compliance Costs Citigroup Inc. (C), the third-biggest U.S. bank, said the finance industry could spend as much as $10 billion annually in coming years to combat money laundering. About 30,000 employees at Citigroup are working on control functions, and the firm has made “significant investments” in anti-money-laundering…

Regulatory Compliance for Financial Institutions – Industry News

  BNP Paribas hires ex-U.S.Treasury official for compliance job BNP Paribas has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over sanctions violations. Sean Thornton, a former chief counsel…

Douglas Meal

  Douglas Meal Partner Roper & Gray LLP, Boston   Biography Seasoned trial lawyer Doug Meal represents companies in complex transaction-related disputes arising from all varieties of business agreements. Most recently, he has played a leading role in the firm’s privacy and data security practice, specializing particularly in representing clients targeted by litigation and government…