The Feds are coming

A man's hands sticking through prison bars

The Feds are coming to close you all down! This is how some banks operating in the US perceive the behaviour of US regulators when dealing with infringements of US anti-money laundering (AML) law. The regulatory and judicial authorities have got the bit between their teeth and are determined to make a bank's life as painful and expensive as possible, if it is suspected of an AML failure.

"They are going after banks," says Todd Harrison, a partner at law firm Patton Boggs and former New York pros

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