Currency exchange house agrees to improve anti-money laundering compliance program
Clients Currency exchange house
Jones Day successfully represented client, a wholesale currency exchange house, during an investigation by the U.S. Department of Justice. The Department undertook an investigation of the client for allegedly not having in place an effective anti-money laundering compliance program. We persuaded the Department not to bring any charges in return for the client's agreement to improve and enhance its compliance program and the payment of a civil fine.