Monthly Archives: March 2015

BSA oversight and regulation has increased sharply over the past couple of years. BSA and compliance officers share stories of the aggressiveness of regulators and granular scrutiny that examiners are putting both large and small institutions through. The good news from this increased oversight is the number of formal regulatory actions (written agreements and Cease [...]

Regulators have ordered a total of five Fulton Financial Corp. entities to improve deficiencies in their Bank Secrecy Act and anti-money laundering compliance. Fulton Financial and Lafayette Ambassador Bank entered into cease and desist orders this month with the Federal Reserve for compliance deficiencies for anti-money laundering. (see PDF) Three other Fulton subsidiaries—Fulton Bank, Swineford [...]