Foreign Bank Organization Complience Problems In Us: A Content Analysis On Written Agreements

The aim of this paper is to present legal and regulatory enviroment that affects US foreign banks’ activities and constitute an advisory framework for foreign banks in complience process that operate in US by analysing enforcement actions on banking sector. In this context, it is given wide coverage to US banking sector regulatory bodies and enforcement actions and content analysis on FED’s written agreements with foreign banks between 2009-2018 years are conducted. According to the results, US regulators demands,policies and measures for preventing terrorism financing, anti-money laundering and tracking international financial transactions from foreign banking organizations. Foreign banking organizations (FBOs) should establish customer due-dilligence systems that are supported with developed IT systems; investigate each financial transaction according to potential risk level and review and update customer due-dilligence and financial acticity monitoring systems regularly