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NY Banker Can Avoid Prison In AML Case, Feds Say

Khadrice Rollins
August 18, 2023

New York federal prosecutors have asked a judge to sentence the minority owner of a financial institution to two years of probation for his failure to make sure the institution was following anti-money laundering regulations, saying he was less culpable than the company's compliance officer.

In Wednesday's memorandum, prosecutors said that while "the offense here is serious," Hanan Ofer should avoid prison time and receive a $9,500 fine in addition to probation after pleading guilty to failing to maintain an anti-money laundering program at the New York State Employees Federal Credit Union – Credit Union Service Organization LLC.


Ofer is represented by Anthony M. Capozzolo and Arthur D. Middlemiss of Lewis Baach Kaufmann Middlemiss PLLC.

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