The new Patriot Act strengthened anti-money-laundering statutes already on the books, requiring hawaladars to comply with state laws and register with the federal government.
"Under the cease and desist order, Standard Chartered must improve its program for compliance with US economic sanctions, Bank Secrecy Act, and anti-money-laundering requirements, " the Fed said.
Microsoft is committed to observing the standards of conduct set forth in the United States Foreign Corrupt Practices Act and the applicable anti-corruption and anti-money laundering laws of the countries in which we operate.