On Friday, the Federal Reserve Board imposed an enforcement action, levying a fine of approximately $2.4 million on the Industrial and Commercial Bank of China Ltd. and its New York branch. The penalty was issued due to their unauthorized use and disclosure of confidential supervisory information, which encompasses reports of bank examinations and other privileged communications from banking regulators. Disclosing such information without prior approval is illegal. This regulatory action by the Board is aligned with a similar move by the New York Department of Financial Services, the state supervisor of the bank’s New York branch, resulting in combined penalties totaling around $32.4 million.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}