Issuing fines

Lek Securities

In 2019, Lek Securities was fined $900,000 by FINRA for failing to prevent manipulative trading practices on their platform. The SEC also fined the firm $1.5 million for being involved in cross-market manipulation activities.

Goldman Sachs

Goldman Sachs was fined $3.9 billion for its involvement in the 1MDB scandal. The bank was charged with violating the Foreign Corrupt Practices Act (FCPA).

Binance

The U.S. Justice Department fined cryptocurrency exchange Binance $4.3 billion for violating federal anti-money laundering and sanctions laws. Binance pleaded guilty to failing to report over 100,000 suspicious transactions.

USAA Bank

The Financial Crimes Enforcement Network (FinCEN) fined USAA Bank $140 million for violating the Bank Secrecy Act (BSA). The bank admitted to failing to properly report thousands of suspicious transactions.

Multinational bank

A multinational bank was fined $186 million by the US Federal Reserve for weaknesses in its sanctions compliance and transaction monitoring.

In a 2010 talk, the head of the EPA’s Dallas office said that his method for dealing with noncompliant oil and gas companies was like that of the ancient Romans, who would go into small towns and crucify people at random. A video camera captured the talk, which went up on YouTube. Few noticed until 2012 when staffers for Senator James Inhofe (R-OK) spotted it and posted the controversial remark on the senator’s YouTube channel. As the Bessette-Pitney blog noted on April 30, 2012, the clip quickly went viral. After angry reactions from the energy industry, as well as lawmakers from oil-producing states, the official had to resign.