Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-board-oversight-obligations-consent-order.docx
memo-board-oversight-obligations-consent-order.docx
Parties
HARKNESS LLP
Federal Deposit Insurance Corp
BRB's SA
Drayton Mercer LLP
NovaPay Technologies Inc
Bank's SA
Veridian Analytics Inc
Thornfield Consulting Group LLC
Dates
February 20, 2025
February 10, 2025
January 15, 2025
February 15, 2026
March 16, 2025
December 31, 2024
February 28, 2025
February 5, 2025
May 15, 2025
June 30, 2025
Amounts
$57,000,000
$42,500,000
$14,500,000
$50
$38.7
$1,100,000
$2,334,331
$47.82
$41.15
$6.67
Obligations
FinCEN's parallel monitoring creates an additional layer of regulatory oversight that the Board must take into account
The Board must be fully aware of these deadlines and must ensure that all required actions are completed on or before the applicable dates
The Board must adopt a formal resolution acknowledging the Consent Order and committing to full compliance with all of its provisions
This resolution must be adopted no later than February 28, 2025 — forty-five (45) days from the date of the Consent Order
The Board must establish a dedicated Compliance Committee of the Board to oversee BSA/AML and sanctions compliance remediation
The Compliance Committee must meet no less frequently than monthly during the remediation period